Madison’s Reporter: Increased Demand Pushes up Many Lumber Prices

Panel prices soared, amid widespread confusion. As rising demand outstripped limited supply, lumber and stud prices gained momentum.

In the week ending March 8, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$452 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $452.

That week’s price is up by +$8, or +2%, from one month ago when it was US$444 mfbm.

Compared to the same week last year, when it was US$365 mfbm, that week’s price is up by +$87, or +24%. Compared to two years’ ago when it was $1,400, this week’s price is down by -$948, or -68%.

In the week ending March 8, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$415 mfbm. This is flat from the previous week when it was US$415 mfbm.

That week’s price is up by +$10, or +2%, from one month ago when it was US$405 mfbm.

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

Compared to the same week last year, when it was US$512 mfbm, that week’s price is down by -$97, or -19%. Compared to two years’ ago when it was $1,455, this week’s price is down by -$1,040, or -71%.

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