Increased demand pushes up many lumber prices: Madison’s
Panel prices soared, amid widespread confusion. As rising demand outstripped limited supply, lumber and stud prices gained momentum.
In the week ending March 8, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$452 mfbm. This is flat from the previous week when it was $452.
That week’s price is up by $8, or two per cent from one month ago when it was $444 mfbm. Compared to the same week last year when it was $365 mfbm, that week’s price is up by $87, or 24 per cent. Compared to two years ago when it was $1,400, this week’s price is down by $948, or 68 per cent.
In the week ending March 8, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was $415 mfbm. This is flat from the previous week when it was $415 mfbm.
That week’s price is up by $10, or two per cent from one month ago when it was $405 mfbm. Compared to the same week last year when it was $512 mfbm, that week’s price is down by $97, or 19 per cent. Compared to two years ago when it was $1,455, this week’s price is down by $1,040, or 71 per cent.
Source: Madison’s Lumber Report