Some lumber prices popped up slightly while others dropped a bit, as customers and suppliers were able to hammer out agreeable price levels for 2022.
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The question on everyone’s minds, since before the end of last year, was: were the seemingly very high prices of 2021 a significant anomaly, or is that the “new normal?” While it is impossible to say yet, the way prices waffled as January transitioned into February, it is obvious players are coming close to finding where the market will be for this looming spring construction season.
Those who thought prices would revert close to historical norm will be quite disappointed.
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After staying flat for three weeks, in the week ending February 11, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$1,230 mfbm, which is up by +$10, or +1%, from the previous week when it was $1,220said forest products industry price guide newsletter Madison’s Lumber Reporter.