The post-holiday litmus test of improving demand was a resounding dud. Prices of dimension and studs continued to sputter while that of panels showed further weakness.
In the week ending July 12, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$332 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is down -$14, or -4%, from the previous week when it was $346.
That week’s price is down -$36, or -10%, from one month ago when it was US$368 mfbm.
When compared to the same week last year, when it was $458, this week’s price is down by -$126, or -28%. Compared to two years ago when it was $650, this week’s price is down by -$318, or -49%.
In the week ending July 12, 2024, the price of Southern Yellow Pine East Side 2x4 #2&Btr KD (RL) was US$340 mfbm. This is flat from the previous week when it was US$340 mfbm.
That week’s price is down -$18, or -5%, from one month ago when it was US$358 mfbm.
When compared to the same week last year, when it was $418, this week’s price is down by -$78, or -19%. Compared to two years ago when it was $700, this week’s price is down by -$360, or -51%.
