Madison’s Reporter: Lumber Prices Continue Rising on Tight Supply

There were solid sales volumes following the US presidential election. Panel prices continued to surge, particularly for plywood.

In the week ending November 8, 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$444 mfbm. This is up +$16, or +4%, from the previous week when it was $428, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.

That week’s price is up +$41, or +10%, from one month ago when it was $403.

Compared to the same week last year, when it was US$404 mfbm, that week’s price was up +$40, or +10%. Compared to two years ago when it was $490, that week’s price was down -$46, or -9%.

In the week ending November 8, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$460 mfbm. This is down -$15, or -3%, from the previous week when it was $475.

That week’s price is down -$5, or -1%, from one month ago when it was $465.

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

When compared to the same week last year, when it was $405, that week’s price was up +$55, or +14%. Compared to two years ago when it was $450, that week’s price was up +$10, or +2%.

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