Madison’s Reporter: Tight Supply Keeps Lumber Prices Flat

Business this week was affected by Victoria Day in Canada and the upcoming Memorial Day long weekend in the US. Demand for Spruce-Pine-Fir showed promise, while sales of Southern Yellow Pine looked rough by comparison.

In the week ending May 23, 2025, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$444 mfbm. This is flat from the previous week when it was $444, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.

That week’s price is down -$54, or -11%, from one month ago when it was $498.

Compared to the same week last year, when it was US$383 mfbm, that week’s price was up +$61, or +16%. Compared to two years ago when it was $360, that week’s price was up +$84 or +23%.

In the week ending May 23, 2025, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$490 mfbm. This is down -$25, or -5%, from the previous week when it was $515.

That week’s price is down -$23, or -4%, from one month ago when it was $513.

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

When compared to the same week last year, when it was $355, that week’s price was up +$135, or +38%. Compared to two years ago when it was $490, that week’s price was flat.

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