The slight lull in buying through March and April brought lumber prices down to levels which made customers comfortable.
A spate of purchasing ensued at the end of April, levelling off prices then bringing them slightly upward.
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Market conditions continued confusing, with quite some variation among suppliers. Those well-stocked with inventory sold handily to waiting customers.
Meanwhile, transportation delays caused yet more consternation with producers and customers both; everyone was spending so much time searching out wood in the supply chain, rather than making actual sales.
Recovering from slight drops the previous two weeks, for the week ending April 29, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$1,090 mfbm, up +$30, or +3%, from the previous week when it was $1,060, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.
That week’s price is down by -$293, or -21% from one month ago when it was $1,383.