Lumber futures traded above $580 per thousand board feet in September, holding above earlier month lows as tightening supply and signs of renewed housing demand supported the market.<\/p>\n
Producers including Interfor have reduced output through maintenance downtime, shift cuts and mill idling, while Canadian softwood shipments remain constrained by tariff uncertainty, limiting prompt availability.<\/p>\n
Expectations of further Federal Reserve interest rate cuts later in 2025 also buoyed sentiment, encouraging builders to replenish inventories ahead of an anticipated pickup in demand.<\/p>\n
In the housing market, new single-family home sales jumped 20.5% in August to an annualized rate of 800,000 units, the largest monthly increase since August 2022. Existing home sales held steady at a 4.00 million seasonally adjusted annualized rate, while housing inventory stood at 1.53 million units, equivalent to 4.6 months of supply.<\/p>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":97043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[5204,4714],"tags":[3563,3945,3252],"class_list":["post-97042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-wood-industry-prices","tag-construction","tag-lumber-prices","tag-us","topic-forestry","topic-lumber","topic-price-analysis-and-info","topic-sawmilling","topic-statistics","topic-wood-construction","topic-wood-products","area-global","area-north-america"],"acf":[],"yoast_head":"\n