Madison’s Reporter: Stable Sales Volumes Bump Lumber Prices up Slightly

Amid sustained demand and takeaway, most lumber and stud commodity prices stayed firm or appreciated. Plywood and OSB continued to struggle by comparison, the latter being particularly frustrating for players.

In the week ending August 2, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$354 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 $348.

That week’s price is up +$15, or +4%, from one month ago when it was US$339 mfbm.

When compared to the same week last year, when it was $426, this week’s price is down -$72, or -17%.

In the week ending August 2, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$380 mfbm. This is up +$15, or +4%,from the previous week when it was US$365 mfbm.

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

That week’s price is up +$31, or +9%, from one month ago when it was US$349 mfbm. When compared to the same week last year, when it was $415, this week’s price is down -$35, or -8%.

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