Buyers of Western S-P-F in the United States continued to run up against palpably limited availability.
Showing surprising strength in ongoing increases when usually lumber prices are dropping, in the week ending October 22, 2021, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$630 mfbm, which is up by a remarkable +$35, or +6%, from the previous week when it was $595.
@Madison_s_Lumber_Rep, it is amazing how flat the 2019 figures are in comparison to the '20 & '21 figures, they really emphasize how volatile prices have been this year. I find it quite interesting how the prices are correcting up, and are looking like they might line up with the '20 figures. I also find it quite interesting how steadily prices have been increasing over the past 10 weeks. I am intrigued to see when volatility will tick up again, and if the prices will be driven further up or driven down.
Normally lumber prices would go up or down by $5 or $10. In spring last year there were times the price changes were by $150 … completely unheard of before.
We’ll see how it is next year; has the market found the “new bottom” and will there be more price stability? It all depends on what happens with US housing in 2022.
