Prices, Sales and Markets – Wood Markets News

Markets

Over the first six months of 2022, the U.S. total number of single-family permits issued year-to-date (YTD) nationwide reached 567,798. On a year-over-year (YoY) basis, this is a 3.6% decline over the June 2021 level of 589,146.

U.S. new single-family starts expanded at a fast pace in 2021. Nationally, 1,133,145 new single-family units were started in 2021, 14% higher than the units started in 2020. It marked the fastest growth rate since 2013 and the highest count of starts since the Great Recession.

For the week ending July 22, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$684 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$20, or +3% from the previous week when it was $664, and is up by +$59, or +25%,...

U.S. new single-family home sales declined in June due to rising mortgage rates and worsening affordability conditions. The median sales price dipped to $402,400 in June, down 9.5% compared to May, but up 7.4% compared to a year ago.

For the week ending July 15, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$664 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.

U.S. lumber prices have been on a roller-coaster ride over the past two years. However, despite higher lumber prices and ongoing supply-chain issues, wood framing remains the most dominant construction method for single-family homes in the U.S. in last year.