Lumber Supply-Demand Balance Potentially Achieved

After a somewhat rush of demand in recent weeks, sales of most North America construction framing dimension softwood lumber items slowed slightly into mid-November. Due to ongoing restricted supply, prices continued their upward trend of the past month or so....

US Housing Market and Lumber Prices Update: November 2024

Single-family starts in the US dropped in October likely as Hurricanes Helene and Milton depressed activity in the South. Meanwhile, permits rose slightly, indicating that an anticipated rebound probably would be muted by higher mortgage rates. The Madison’s Lumber...

Lumber Prices Continue Rising on Tight Supply

In advance of the Remembrance Day holiday in Canada, this year a Monday so an actual long weekend, it seemed a form of supply-demand balance was reached for lumber. While benchmark Western S-P-F 2×4 prices continued to climb, Southern Yellow Pine 2x4s actually...

Many Lumber Prices Rise Sharply at Unusual Time of Year

As November dawned, the extended habit of not stocking inventory and just-in-time buying once again caught customers short of necessary wood. The resultant strength of demand — while not massive volumes — was enough to push prices up further. Sawmills, emboldened by...

Madison’s Lumber Prices Index Nov 8, 2024: US$481 mfbm

The Madison’s Lumber Prices Index for the week ending november 8, 2024 is: US$481 mfbM The Madison’s Lumber Prices Index for the week ending November 8, 2024 is: US$481 mfbmThis is up +4%, or +$17, from the previous week when it was US$464.This is up +10%, or +$44,...

Increased Demand Pops Up Lumber Prices

Ongoing restricted supply coupled with an increase in demand popped up lumber prices during a time of year when business is usually slowing down. Industry players welcomed the more regular price movement along the usual seasonal trends, following the extreme...