Solid Wood Commodity Demand Shows Improvement

Weekly Price Update: Benchmark Softwood Lumber Price Rises

WEB | August 6, 2024 | By Madison's Lumber Reporter

Demand for solid wood commodities in North America has seen an uptick this week. According to Madisons Lumber Reporter, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 24 2Btr KD RL rose to US$348 mfbm in the week ending July 26, 2024.

This marks an 8% or $2 increase from the previous month, when the price was US$358 mfbm. The rise in demand is attributed to several factors, including increased construction activity and a rebound in the furniture industry.

Madisons Lumber Reporter, now known as Madisons Lumber Price Dashboard, offers a comprehensive browser-based app that provides access to up-to-date lumber price information, including the Madisons Benchmark Top-Six Softwood Lumber and Panel Prices.