Improved construction activity and continued wildfires raise lumber prices

In the week ending June 23, 2023, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$406 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$16, or +4%, from the previous week when it was $390.

That week’s price is up by +$49, or +14%, from one month ago when it was US$358 mfbm.

Compared to the same week last year, when it was US$535 mfbm, that week’s price is down by -$129, or -24%. Compared to two years ago when it was US$1,048 mfbm, that week’s price is down by -$642 or -61%.

In the week ending June 23, 2023, the price of Southern Yellow Pine East Side 2x4 #2&Btr KD (RL) was US$400 mfbm. This is down by -$10 or -2% compared to the previous week when it was US$410 mfbm.

That week’s price is down by -$99, or -20%, from one month ago when it was US$499 mfbm.

Compared to the same week last year, when it was US$655 mfbm, that week’s price is down by -$255, or -39%. Compared to two years ago when it was US$916 mfbm, that week’s price is down by -$515 or -56%.

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@Madison_s_Lumber_Rep do you think these factors (fire) and increase in construction demand are correlated? All resulting in increased prices?

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