During these months of deep summer when construction activity is still going on but lumber sales slow because most retailers and end-user have received the wood they expect to need before 3Q, the lumber market generally finds new balanc
There are, of course, other variables which affect solid wood prices during the summer season; such as wildfires, labour disputes, disruptions to transportation, etc. This year it looks like there is a nice equilibrium, as the general price trend over the past couple of months has been quite stable. Industry folks are relieved to see some stability returning, after the intense fluctuation of prices over the past two years. The US housing market is cooling off slightly but is still much more active than 2019 and earlier, so there is potential for more good lumber sales volumes coming in the near future.
Recovering somewhat from a steep drop the week before, for the week ending August 12, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$624 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$14, or +2% from the previous week when it was $610, and is down by -$47, or -7%, from one month ago when it was $671.
FULL STORY: After Steep Drop, Lumber Prices Recover Somewhat