Sales of lumber and studs continued to ramp up while that of panels were flat by comparison. Increased duties were imposed on Canadian softwood lumber shipments to the US.
In the week ending August 16, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$390 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is up +$16, or +4%, from the previous week when it was $374.
That week’s price is up +$35, or +10%, from one month ago when it was US$339 mfbm.
When compared to the same week last year, when it was $420, that week’s price is down -$30, or -7%. Compared to two years ago when it was $624, that week’s price is down -$234, or -38%.
In the week ending August 16, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$395 mfbm. This is up +$10, or +3%,from the previous week when it was US$385 mfbm.
That week’s price is up +$46, or +13%, from one month ago when it was US$349 mfbm.
Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages
When compared to the same week last year, when it was $423, that week’s price is down -$28, or -7%. Compared to two years ago when it was $800, that week’s price is down -$405, or -51%.
Source: Madison’s Reporter: Lumber Prices Pop Slightly on Solid Sales Volumes - Lumber Blue Book