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Lumber Prices and Market Update: July 2022 [video]
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Lumber Prices and Market Update: July 2022 [video]

Check back with the Madison’s Lumber Reporter website often for the latest updates for the latest developments and updates. In the week ending July 29, 2022, the price of WSPF 2×4 #2&Btr KD (RL) was US$684 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by $0, or 0%, from...

US Housing Market June & Softwood Lumber Prices July: 2022
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US Housing Market June & Softwood Lumber Prices July: 2022

The latest US housing starts and US new home sales data, for June 2022, continued the downward trend seen in May, when mortgage and interest rate increases hit the housing market. madisonsreport.com It is true that a slow-down is apparent in both construction and home buying activity, it is important to note that while month-over-month...

Most Lumber Prices Flat as Benchmark Items Rise
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Most Lumber Prices Flat as Benchmark Items Rise

The North American construction framing dimension softwood lumber market has found even footing at this mid-summer 2022. Prices on almost all lumber and panel items remained flat, with some benchmark commodities rising slightly. madisonsreport.com A big change coming to how lumber futures are traded on the Chicago Mercantile Exchange has many players excited. The recent...

New U.S. home sales plunge in June on rising affordability woes
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New U.S. home sales plunge in June on rising affordability woes

New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs. Sales of newly built, single-family homes in June fell 8.1 per cent to a 590,000 seasonally adjusted annual rate from a sharply downwardly revised reading...

Steady Demand Pops Lumber Price Up Slightly
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Steady Demand Pops Lumber Price Up Slightly

The mid-point of the summer is past and usually at this time of year lumber sales soften quite bit, taking prices down as well. This year is not much different, except that most customers do not have excess inventory on hand as they had been holding off any unnecessary buying in the hopes that prices...

Steady demand pops lumber price up slightly: Madison’s
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Steady demand pops lumber price up slightly: Madison’s

The mid-point of the summer is past and usually at this time of year lumber sales soften quite bit, taking prices down as well. This year is not much different, except that most customers do not have excess inventory on hand as they had been holding off any unnecessary buying in the hopes that prices...

Lumber Prices Firm Up Slightly as Field Inventories Stabilize
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Lumber Prices Firm Up Slightly as Field Inventories Stabilize

The North American forest products manufacturing industry has entered the usual seasonal slower time; although everyone understands that the past two years have not been usual. madisonsreport.com Since late spring this year, as producers and customers were negotiating to find where softwood lumber price levels would be, the market correction downward did overshoot a little...

Normal Seasonal Slow-Down Brings Flat Lumber Prices
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Normal Seasonal Slow-Down Brings Flat Lumber Prices

As the dual Canada Day – US Independence Day long weekend arrived, most softwood lumber and panel prices stayed relatively flat compared to the previous week. madisonsreport.com This is the time of year when lumber demand starts to drop and prices either fall or remain flat. The large-volume buyers — the big US home builders...

Changes Coming to Random Length Lumber Futures Trading
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Changes Coming to Random Length Lumber Futures Trading

Chicago Mercantile Exchange will launch updated futures trading in August under the ticker LBR CME Group is set to launch a new lumber futures contract on August 8, 2022. The new derivative is said to feature a more precise hedging acumen and is designed to be more accessible to producers. The new futures are now...

Lumber Prices Bounce on Equitable Supply-Demand Balance
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Lumber Prices Bounce on Equitable Supply-Demand Balance

The significant price cuts of the previous week were successful in spurring renewed demand for softwood lumber materials. Indeed, so successful that prices bounced almost back up to the levels of the week prior. While sales volumes still were not optimal, looming seasonal curtailments motivated somewhat reluctant customers to pull the trigger and buy. madisonsreport.com...