As we continue to enjoy summer bliss, the calendar moves inexorably into autumn. It is usual for this time of year for most lumber prices to be soft or softening, as most large-volumes buyers (IE: large US home builders) have received the wood they need for ongoing and expected projects.
There is an interesting symmetry with current prices to those of two years ago; most lumber prices currently match those of late-August 2020. This is similar to another interesting development, that the trend of lumber prices at the end of last year was almost exactly in-line with the year before.
This raises the question: is 2020 the new baseline for lumber price highs and lows? Do the price changes in 2020 indicate the new annual trend, rather than the seasonality we have all been used to for the past several decades?
Only time will tell, however all can be sure Madison’s Lumber Reporter will be there to recognize any important softwood lumber price indicators and inform the both the forest and housing industries of what to look for next.
Staying flat from the previous week, for the week ending August 19, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$624 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by $0, or 0% from the previous week when it was $624, and is down by -$47, or -7%, from one month ago when it was $671.
FULL STORY: https://madisonsreport.com/2022/08/30/most-lumber-prices-flatten-on-holiday-slowdown/
#sawmill #softwood #lumber #building #construction #housing #ushousing #realestate #wood