Lumber Prices and Market Update: Apr 2022

Check back with the Madison’s Lumber Reporter website often for the latest updates for the latest developments and updates with the North American construction framing dimension softwood lumber market.

For the moment it seems the North American construction framing dimension softwood lumber market has found a supply-demand balance, as the benchmark price drops slightly but many others remain flat. In the week following Easter, which is a big-deal holiday in Canada, sawmills and wholesalers seemed to find good price levels which attracted back customers who may have been waiting to book purchases. Suppliers reported robust sales on continued plump inventories, while buyer enthusiasm pushed sawmill order files into early May.

Good spring weather brought increased construction activity in many markets across the US, while Canada had quite a bought of cold weather and snow. This will melt quickly though, and building will soon move into high gear across Canada as well.

Dropping slightly from the previous week, for the week ending April 22, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$1,060 mfbm, down -$36, or -3%, from the previous week when it was $1,096, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.

That week’s price is down by -$323, or -23% from one month ago when it was $1,383.

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