Madison’s Reporter: Lumber Prices Go Lower as Summer Downtime Approaches

Demand for North American lumber experienced little change from last week’s tepid tone. Supply continued to outpace demand in most categories, while prices of panels showed increasing vulnerability.

In the week ending June 21, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$356 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is down -$28, or -7%, from the previous week when it was $384.

That week’s price is down -$27, or -7%, from one month ago when it was US$383 mfbm.

Compared to the same week last year, when it was US$406 mfbm, that week’s price is down -$50, or -12%. Compared to two years ago when it was $535, that week’s price is down -$179, or -33%.

In the week ending June 21, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$355 mfbm. This is down -$5, or -1%, from the previous week when it was US$360 mfbm.

That week’s price is up +$3, or +1%, from one month ago when it was US$352 mfbm.

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

Compared to the same week last year, when it was US$400 mfbm, that week’s price is down -$45, or -11%. Compared to two years ago when it was $655, that week’s price is down by -$300, or -46%.

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