Demand for North American lumber experienced little change from the previous week’s tepid tone. Supply continued to outpace demand in most categories, while prices of panels showed increasing vulnerability.
In the week ending July 5, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$346 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $346.
That week’s price is down -$22, or -6%, 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 5, 2024, the price of Southern Yellow Pine East Side 2x4 #2&Btr KD (RL) was US$340 mfbm. This is down -$5, or -1%, from the previous week when it was US$345 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%.
