This year ended with lumber prices wavering around what can be considered the “new normal,” according to the latest Madison's Lumber Reporter.

The normal seasonal slowdown for construction and building activity in autumn brings a drop in lumber prices.

Several benchmark North American construction framing dimension softwood lumber and panel prices remained flat in mid-September, despite a normal seasonal slow-down in buying. This is because a number of large operators announced curtailments and downtime in order to keep supply in line with waning demand.

Markets Insiders report that lumbers prices have fall as mortgage rates hit highest levels in 14 years.

Most softwood lumber and panel prices dropped significantly on a holiday-shortened week in Canada, as customers were well stocked with wood and producers faced shrinking order files. All of which is normal for this time of year.

The North American construction framing dimension softwood lumber market has found even footing at this mid-summer 2022, according to Madison's Lumber Reporter. Prices on almost all lumber and panel items remained flat, with some benchmark commodities rising slightly.

Lumber prices jumped more than 7% on June 30 to $638 per thousand board feet, according to Markets Insider.

VANCOUVER, B.C. -- After dropping in prices in recent weeks, many softwood lumber prices leveled off in mid-June as a supply-demand balance seemed to have been reached, according to Madison's Lumber Reporter. 

In a May 19 report, Market Insider found that lumber prices fell to new lows in 2022 as April's existing home sales hit the lowest level since the start of the pandemic.

Western S-P-F producers in the United States reduced asking prices on some of their more commonly-traded commodities in an effort to entice circumspect customers