Panel prices soared, amid widespread confusion. As rising demand outstripped limited supply, lumber and stud prices gained momentum.
In the week ending March 8, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$452 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $452.
That week’s price is up by +$8, or +2%, from one month ago when it was US$444 mfbm.
Compared to the same week last year, when it was US$365 mfbm, that week’s price is up by +$87, or +24%. Compared to two years’ ago when it was $1,400, this week’s price is down by -$948, or -68%.
In the week ending March 8, 2024, the price of Southern Yellow Pine East Side 2x4 #2&Btr KD (RL) was US$415 mfbm. This is flat from the previous week when it was US$415 mfbm.
That week’s price is up by +$10, or +2%, from one month ago when it was US$405 mfbm.
Compared to the same week last year, when it was US$512 mfbm, that week’s price is down by -$97, or -19%. Compared to two years’ ago when it was $1,455, this week’s price is down by -$1,040, or -71%.
