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Increased demand pushes up many lumber prices: Madison’s
March 19, 2024 By Madison’s Lumber Reporter
Panel prices soared, amid widespread confusion. As rising demand outstripped limited supply, lumber and stud prices gained momentum.
In the week ending March 8, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$452 mfbm. This is flat from the previous week when it was $452.
That week’s price is up by $8, or two per cent from one month ago when it was $444 mfbm. Compared to the same week last year when it was $365 mfbm, that week’s price is up by $87, or 24 per cent. Compared to two years ago when it was $1,400, this week’s price is down by $948, or 68 per cent.
In the week ending March 8, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was $415 mfbm. This is flat from the previous week when it was $415 mfbm.
That week’s price is up by $10, or two per cent from one month ago when it was $405 mfbm. Compared to the same week last year when it was $512 mfbm, that week’s price is down by $97, or 19 per cent. Compared to two years ago when it was $1,455, this week’s price is down by $1,040, or 71 per cent.
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