North American lumber sales showed a strengthening trend almost across the board of commodity items, an auspicious development considering the time of year.
In the week ending October 18, 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$402 mfbm. This is up +$14, or +4%, from the previous week when it was $388, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.
That week’s price is down -$2, or -0%, from one month ago when it was $404.
Compared to the same week last year, when it was US$374 mfbm, the price of Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) for the week ending October 18, 2024 was up +$28, or +7%. Compared to two years ago when it was $445, that week’s price is down -$43, or -10%.
In the week ending October 18, 2024, the price of Southern Yellow Pine East Side 2x4 #2&Btr KD (RL) was US$475 mfbm. This is up +$17, or +4%, from the previous week when it was $458.
That week’s price is up +$75, or +19%, from one month ago when it was $400.
When compared to the same week last year, when it was $455, that week’s price is up +$20, or +4%. Compared to two years ago when it was $495, this week’s price is down -$20, or -4%.
