Lumber Prices and Market Update: Feb 2023
Вставка
- Опубліковано 1 жов 2024
- • Lumber Prices and Mark...
Check back with the Madison’s website www.madisonsreport.com often for the latest updates for the latest developments and updates.
In the week ending February 10, 2023, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$476 mfbm, which is up by +$16 or +3%, from the previous week when it was US$360 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.
This is up by +$104, or +28%, from one month ago when it was $373.
Compared to the same week last year, when it was US$1,220 mfbm, the price of Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) for the week ending February 10, 2023 this price was down by -$744, or -61%. Compared to two years ago when it was $960, that week’s price is down by -$484, or -50%.
REQUEST A SAMPLE: madisonsreport...
So glad your back! 🎉
More to come next week.
Big drops. Good for me.
Looks like prices might be flat going forward . . . Some items even dropped today.
Where's the New home construction happening?
We look at construction data nationally; December permits for single-family were up a lot, so next month’s release will show how new building will be this spring.
@@MadisonsLumberPriceReporter Good news for contacting
Southern yellow pine is up almost 28% where I live ytd, when everything else is going down or remaining the same. Any idea what is going on with that?
There are 3 regions of SYP lumber prices: East, West, and Central. For the Benchmark we use the Eastern price, and I can confirm that on the producer / wholesaler level these prices are down significantly compared to one year ago.
You didn't say where you are located, and if you are referencing FOB sawmill prices or retailer prices. Retailer prices are very regional, are dependent on the relationship of each facility with suppliers (sawmills, wholesalers), and retailer prices change on quite a lag to the producer prices Madison's tracks.
Retailers do not set the FOB sawmill price; the large-volume US home builders do. So retail prices are not a forward indicator of lumber prices, quite the contrary.
@@MadisonsLumberPriceReporter Thank you for the response, I am located in Iowa and the prices I am referring are retail prices.
Thanks Keta very informative. Where do you see OSB prices going in the next six months?
Where is OSB priced where you are?kcmo is $9.90sheet.i was thinking of storing 350 sheets soon.under roof..l am waiting on her to get to it!I'm listening now and she has given me no retail info.the piece of lumber l know back 40 yeas is the 2x6,10 footer...it got up to $24last year..was $7.10 in 2020,july...it is $9.75 todY ,,in kcmo
@@metalrooves3651 Madison’s tracks producer/wholesaler prices (so the prices retailers pay for their goods), we don’t do retail price reporting. I have an update on plywood and OSB coming next week.
Doing an update on that next week! Looks pretty flat, at current levels.
@@metalrooves3651 I just bought two units at $10 a sheet I think it would be a good call if you have a safe dry storage
The number of homes being built in the US and Canada in the next 10 years will go down as populations decline as the boomers die. Even smaller families from families starting later in life will also reduce demand.
The population is not declining, the rate of growth is decreasing. Very different thing.
There are 72 million Millennials and almost 69 million “Gen Z” (compared to 70 million Boomers) . . . I think we’re ok
www.statista.com/statistics/797321/us-population-by-generation/
The US is under built by 3.8M units.
@@dancondon1796 Says who? There were over 1M deaths directly from Covid and over 2M additional "unattributed" deaths of the over 50s in the last 2 years. How many homes do you think will be going on the market just from that?