Madison’s Reporter: Lumber Prices Begin to Show a Year-Long Trend

In the week ending July 28, 2023, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$458 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $458.

That week’s price is up by +$68, or +17%, from one month ago when it was US$390 mfbm.

Compared to the same week last year, when it was US$684 mfbm, that week’s price is down by -$226, or -33%. Compared to two years ago when it was US$500 mfbm, that week’s price is down by -$42 or -8%.

In the week ending July 28, 2023, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$425 mfbm. This is flat from the previous week.

That week’s price is up by +$8, or +2%, from one month ago when it was US$417 mfbm.

Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages

Compared to the same week last year, when it was US$765 mfbm, that week’s price is down by -$340, or -44%. Compared to two years ago when it was US$492 mfbm, that week’s price is down by -$67 or -14%.

About Madison’s Lumber Reporter

Established in 1952, Madison’s Lumber Prices is your premiere source for North American softwood lumber news, prices, industry insight, and industry contacts. The weekly Madison’s Lumber Reporter publishes current Canadian and US construction framing dimension lumber and panel wholesaler pricing information 50 weeks a year and access to historical pricing as well.

Contact:

Keta Kosman – Publisher, Madison’s Lumber Reporter – (604) 319-2266 – https://madisonsreport.com/

Source: Madison’s Lumber Reporter