At this time of year, the historical trend would normally be for lumber prices to be rising. Usually by mid-April the building activity for housing is ramping up, and sales volumes of construction framing lumber are approaching their high for the year, according to Madison's Lumber Reporter.
This year, however, is proving to be quite the exception. The biggest reason for this has been an extended winter, with cold weather — and even freezing conditions — ongoing throughout the continent even this month. For builders this is a problem, especially for brand-new projects which require concrete foundations to be poured. As the entire industry waits for normal balmy temperatures to consistently arrive, the demand for lumber and wooden building materials is soft indeed. This, of course, means prices this year have not yet started their annual climb.
In the week ending April 21, 2023, the price of Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$360 mfbm, which is up by +$10, or +3%, from the previous week when it was $350, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. That week’s price is down by -$13, or -3%, from one month ago when it was $373.
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