Madison’s Reporter: Lumber Demand Remains Unseasonably Soft

In the week ending May 19, 2023, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$360 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat compared to the previous week when it was US$360 mfbm.

That week’s price is up by +$9, or +2%, from one month ago when it was US$351 mfbm.

Compared to the same week last year, when it was US$1,070 mfbm, that week’s price is down by -$710, or -66%. Compared to two years ago when it was US$1,640 mfbm, that week’s price is down by -$1,280 or -78%.

In the week ending May 19, 2023, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$490 mfbm. This is down by -$20 or -4% compared to the previous week when it was US$510 mfbm.

That week’s price is down by -$20, or -4%, from one month ago when it was US$510 mfbm.

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

Compared to the same week last year, when it was US$815 mfbm, that week’s price is down by -$325, or -40%. Compared to two years ago when it was US$1,390 mfbm, that week’s price is down by -$900 or -65%.

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