Madison’s Reporter: Lumber Prices Moderate Toward Same Level as One Year Ago

Demand for much of the North American solid wood commodities showed improvement this week, particularly SPF lumber and studs.

In the week ending July 26, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$348 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is up +$18, or +5%, from the previous week when it was $330.

That week’s price is down -$20, or -5%, from one month ago when it was US$368 mfbm.

When compared to the same week last year, when it was $458, this week’s price is down -$110, or -24%. Compared to two years ago when it was $684, this week’s price is down -$336, or -49%.

In the week ending July 26, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$365 mfbm. This is up +$15, or +4%,from the previous week when it was US$340 mfbm.

That week’s price is up +$8, or +2%, from one month ago when it was US$358 mfbm.

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

When compared to the same week last year, when it was $425, this week’s price is down -$60, or -14%. Compared to two years ago when it was $765, this week’s price is down -$400, 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