Madison’s Reporter: Increased Demand Brings Rise in Lumber Prices

Demand for spruce and hem/fir improved again this week as commodity prices settled out or firmed up. Sales of panels still struggled to get off the mat, though plywood prices did gain a couple of points. 

In the week ending August 9, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$374 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is up +$20, or +6%, from the previous week when it was $354.

That week’s price is up +$35, or +10%, from one month ago when it was US$339 mfbm.

When compared to the same week last year, when it was $410, that week’s price is down -$36, or -9%. Compared to two years ago when it was $610, that week’s price is down -$236, or -39%.

In the week ending August 9, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$385 mfbm. This is up +$5, or +1%,from the previous week when it was US$380 mfbm.

That week’s price is up +$36, or +10%, from one month ago when it was US$349 mfbm.

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

When compared to the same week last year, when it was $415, that week’s price is down -$30, or -7%. Compared to two years ago when it was $805, that week’s price is down -$420, or -52%.

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