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OSB Prices Skyrocket in March 2024

OSB Prices Skyrocket in March 2024

While we’ve savored a period of price stability, the winds of change are blowing. February brought a surge in housing numbers, prompting mills to adjust their conservative supply, setting the stage for the shifts we’re witnessing today in the OSB market.

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Demystifying Lumber Measurements: A Comprehensive Guide for Lumber Users

Demystifying Lumber Measurements: A Comprehensive Guide for Lumber Users

Delve into the intricacies of lumber measurements with our comprehensive guide tailored for lumber users. From mastering board feet to deciphering square footage and lineal feet, our expert insights shed light on vital concepts essential for optimizing material usage and cost estimation. Explore the nuances of lumber calculations and empower your projects with precision and efficiency. Join us in demystifying the language of lumber to enhance your lumber projects.

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Fourth Quarter Industry Update

Fourth Quarter Industry Update

Welcome to our Fourth Quarter Industry Update, where we delve into the latest developments and insights shaping the lumber industry landscape. In this comprehensive update, we explore a range of topics, from housing starts and permits to lumber market forecasts and major industry announcements. Learn about the trends driving the market, the challenges faced by mills in Western Canada and the Pacific Northwest, and the anticipated price stability in plywood and OSB markets. Discover how these factors impact your purchasing decisions and business strategies in the dynamic lumber market. Join us as we navigate through the complexities of the industry, providing you with valuable insights to thrive in 2024 and beyond.

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Lumber Market Considerations: March and April 2023

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What do flat lines in our graphs mean for the lumber market?
Perhaps is means that supply and demand are at a temporary check mate.

Even though interest rates continue to fluctuate, nationwide residential housing starts are up and permits are also up overall since January. Approximately 75% of builders anticipated housing starts down in 2023. Builders confidence has improved by about 20% after Q1.
Multifamily is predicted to stay strong for this upcoming spring season.

As winter winds down, spring conditions are bringing a stronger demand for lumber. Building typically amps up nationwide with favorable weather conditions.

Overall, our business partners are cautiously optimistic about the consistency in volume demand for 2023.