Lumber Prices and US Housing Market: April 2023
Channel: Madison's Lumber Price Reporter
Date: 2023-05-02

https://youtu.be/fgYXch10tLY

Total housing starts in the US for March 2023 were almost flat after a big surge the previous month, at 1.420 million units compared to a downwardly revised 1.432 million units reported for February, and dropped more than -17% from the March 2022 rate of 1.716 million. 

Ticking steadily upward after slowing down in the second half of last year, sales of new single-family homes in the US increased to a six-month high in March, at 683,000 units, which is up +10% from February’s sharply downwardly revised 623,000 and is a -3.4% drop compared to March 2022 when it was 707,000 units.

Go to the website 
https://madisonsreport.com/products/lumber-price-dashboard/
to get a sample of the full 500 individual lumber and panel commodity prices for that week, as well as the market commentary explaining why the prices are changing.