Lumber prices update in Around
Your Weekly Construction Briefing
Last week’s price of benchmark lumber commodity item WSPF 2×4 hit US$420 MFBM, close to matching that of two years ago at $439. Compared to US$624 during the same week last year.
![](https://www.buildinglinks.ca/wp-content/uploads/2023/09/IMG_5031.png)
In general, steadily increasing lending rates has muted new housing construction and therefore lumber sales. Unlike late 2021 and into 2022 when prices shot up from US$400 to $1400 MFBM, Madison Lumber Report expects prices to remain on track between US $350 and $500 MFBM for the remainder of the year.
Demand has been on solid ground recently. There is the expectation that construction-related demand will increase soon, and that after three years of price volatility there will be some answers regarding price trends.
Source: Madison’s Lumber Reporter and BC Gov. Forest Products Weekly Prices
Building Links Construction Reports and Statistics: The weekly #1 construction projects resource for 27 years. New and updated projects, permits, tenders, and industry connections for Vancouver Island – Central North, West Coast and Powell River. Helping you build connections so you can build communities! Where are you getting your information from? Support local trades – Subscribe Now!