Current annual lumber price cycle is returning to historical norms after three years of volatility; supply and demand of Western S-P-F lumber have fallen simultaneously, and production volumes are decreasing for several weeks in a row

VANCOUVER, British Columbia , December 20, 2023 (press release) –

In the lumber market, prices and sales tend to flatten towards the end of the year due to the slow down in construction activity for winter. After three years of volatility, the current annual lumber price cycle is returning to historical norms.

Demand for Western S-P-F commodities in the US seems to have pulled back as the year neared its close. Supply and demand of Western S-P-F lumber have fallen simultaneously, and production volumes are decreasing for several weeks in a row.

Sawmills have maintained two- to three-week order files. The price of Western S-P-F 2×4 #2&Btr KD (RL) for the week ending December 1, 2023, is $414 mfbm, which is flat week-over-week.

Industry Intelligence editor's note: Information originally published at Madison's Lumber Reporter. To read the full article, click here. 

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