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Panels jumped but lumber prices unchanged as U.S. housing starts pop: Madison’s

Panel prices jumped yet again. Most lumber buyers having covered their most pressing needs and balking at current price lists, that market entered a digestion phase.

In the week ending March 22, 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 $380 mfbm, that week’s price is up by $72, or 19 per cent. Compared to two years ago when it was $1,400, that week’s price is down by $948, or 68 per cent.

In the week ending March 22, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was $400 mfbm. This is down by $10, or two per cent from the previous week when it was $410 mfbm.

That week’s price is down by $5, or one per cent from one month ago when it was $405 mfbm. Compared to the same week last year, when it was $532 mfbm, that week’s price is down by $132, or 25 per cent. Compared to two years ago when it was $1,350, this week’s price is down by $950, or 70 per cent.