The builders are concerned about the current high interest rate environment. An improving interest rate environment will help buyers as well as builders and developers who are contending with tight lending conditions and high interest rates.

In the week ending July 5, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$346 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $346.