Lumber Prices Drop as Labour Day Approaches



An old adage often used by Madison’s to explain the typical seasonal cycle of lumber prices is, “Labour Day is the beginning of the end and US Thanksgiving in the end of the end.” Meaning that lumber prices usually drop around Labour Day then keep falling until US Thanksgiving, which normally marks the lowest prices of the year for wood products.

Of course, we have not been in a normal year since early 2020; and the past two years have not had the seasonal price trends seen historically. Indeed, even realtors have reported that the usual annual trend of home buying and selling activity has not been in place for the last two years. Could 2022 mark a return to what lumber industry players have known as the typical seasonal price cycle? Only time will tell.

Continuing the waffling of most of this summer, for the week ending August 26, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$55 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.

This is down by -$69, or -11% from the previous week when it was $624, and is down by -$116, or -17%, from one month ago when it was $671.

FULL STORY: https://madisonsreport.com/2022/09/07/lumber-prices-drop-as-labour-day-approaches/

#sawmill #softwood #lumber #building #construction #housing #ushousing #realestate #wood

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