Madison’s Reporter: Most Lumber Prices Crest Level of Same Week Last Year

North American lumber sales showed a strengthening trend almost across the board of commodity items, an auspicious development considering the time of year.

In the week ending October 18, 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$402 mfbm. This is up +$14, or +4%, from the previous week when it was $388, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.

That week’s price is down -$2, or -0%, from one month ago when it was $404.

Compared to the same week last year, when it was US$374 mfbm, the price of Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) for the week ending October 18, 2024 was up +$28, or +7%. Compared to two years ago when it was $445, that week’s price is down -$43, or -10%.

In the week ending October 18, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$475 mfbm. This is up +$17, or +4%, from the previous week when it was $458.

That week’s price is up +$75, or +19%, from one month ago when it was $400.

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

When compared to the same week last year, when it was $455, that week’s price is up +$20, or +4%. Compared to two years ago when it was $495, this week’s price is down -$20, or -4%.

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