Madison’s Reporter: Increased Demand Pops Up Lumber Prices

Overall supply was increasingly limited, and commodity prices were firm or up. Buyers found it more difficult to hesitate even while they waited for the results of the upcoming US presidential election.

In the week ending October 25, 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$408 mfbm. This is up +$6, or +1%, from the previous week when it was $402, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.

That week’s price is up +$5, or +1%, from one month ago when it was $404.

Compared to the same week last year, when it was US$380 mfbm, that week’s price was up +$28, or +7%. Compared to two years ago when it was $480, that week’s price was down -$72, or -15%.

In the week ending October 25, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$485 mfbm. This is up +$10, or +2%, from the previous week when it was $475.

That week’s price is up +$85, or +21%, 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 $435, that week’s price was up +$50, or +11%. Compared to two years ago when it was $465, that week’s price was up +$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