Madison’s Reporter: Limited Supply Keeps Lumber Prices Higher

In the week ending November 17, 2023, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$404 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week.

That week’s price is up by +$20, or +5%, from one month ago when it was US$384 mfbm.

Compared to the same week last year, when it was US$490 mfbm, that week’s price is down by -$86, or -18%. Compared to two years ago when it was US$620 mfbm, that week’s price is down by -$216 or -35%.

In the week ending November 17, 2023, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$405 mfbm. This is flat from the previous week.

That week’s price is down by -$64, or -14%, from one month ago when it was US$469 mfbm.

Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages

Compared to the same week last year, when it was US$455 mfbm, that week’s price is down by -$50, or -11%. Compared to two years ago when it was US$820 mfbm, that week’s price is down by -$415, or 51%.

About Madison’s Lumber Reporter

Established in 1952, Madison’s Lumber Prices is your premiere source for North American softwood lumber news, prices, industry insight, and industry contacts. The weekly Madison’s Lumber Reporter publishes current Canadian and US construction framing dimension lumber and panel wholesaler pricing information 50 weeks a year and access to historical pricing as well.

Contact:

Keta Kosman – Publisher, Madison’s Lumber Reporter – (604) 319-2266 – https://madisonsreport.com/

Source: Madison’s Lumber Reporter