Lumber Prices Flat as Supply Chain Constraints Continue

After consistent — if moderate — climbs in September and October, most benchmark construction framing dimension softwood lumber prices have levelled off to match were they were one year ago, said weekly industry price guide Madison’s Lumber Reporter.

In many ways the market dynamics are the same: constrained supply against ongoing strong demand, serious ongoing problems with transportation, difficulty finding workers, and unseasonal strong construction activity. In other ways the lumber market this year differs from 2020.

One thing is the same though: this very week is the North American Wholesale Lumbermen’s Association annual meeting, where sawmills and wholesalers from across Canada and the US meet. Much clarity will be decided between players during this important event; Madison’s will update readers on the results of that.

Staying flat for the first time in many weeks, for the week ending November 5, 2021, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$620 mfbm. This is down by -$10, or -2%, from the previous week when it was $630.


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@Madison_s_Lumber_Rep with the recent extreme weather events on the west coast, I cannot wait to hear your story next week!