Madison’s Reporter: Lumber Prices Remain Soft on Sagging Demand

Lumber buyers kept their inventories lean post-Easter thus demand continued to sag.

In the week ending April 5, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$452 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $452.

That week’s price is flat from one month ago when it was US$452 mfbm.

Compared to the same week last year, when it was US$335 mfbm, that week’s price is up by +$117, or +35%.

In the week ending April 5, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$380 mfbm. This is down by -$11, or -3% from the previous week when it was US$391 mfbm.

That week’s price is down by -$24, or -6%, from one month ago when it was US$404 mfbm.

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

Compared to the same week last year, when it was US$545 mfbm, that week’s price is down by -$165, or -30%.

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