Madison’s Lumber Prices Index update

Madison’s Lumber Prices Index for the week ending October 11, 2024, stands at US$426 per thousand board feet (mfbm). This represents a slight increase of +0.5% (+$2) from the previous week, when it was US$424. However, compared to one month ago, the index is down -2% (-$7) from US$433.

Madison’s Lumber Reporter has launched the Madison’s Lumber Prices Index, an innovative index that tracks softwood lumber prices, a crucial economic indicator, helping to predict shifts in the US housing market and broader economic trends. Savvy investors recognize that construction framing softwood lumber prices are a reliable indicator of US housing activity, including home construction and sales.