Madison’s Reporter: Panel Prices Increase Somewhat While Most Lumber Items Flat

The Canada-wide rail strike dominated the conversation this week. Prices of some dimension items continued to strengthen, led by 2×6 and 2×12 in most cases.

In the week ending August 23, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$396 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is up +$6, or +2%, from the previous week when it was $390.

That week’s price is up +$57, or +17%, from one month ago when it was US$339 mfbm.

When compared to the same week last year, when it was $420, that week’s price is down -$24, or -6%. Compared to two years ago when it was $624, that week’s price is down -$228, or -37%.

In the week ending August 23, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$395 mfbm. This is flat from the previous week when it was US$395 mfbm.

That week’s price is up +$46, or +13%, 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 $423, that week’s price is down -$28, or -7%. Compared to two years ago when it was $800, that week’s price is down -$405, 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