US lumber prices hold steady with balanced supply and demand

Posted on June 7, 2024

Despite the lull in demand during the double holiday period, the market remained stable with consistent prices and well-matched supply levels.

Western spruce, pine, and fir prices stood at $384 mfbm in the week ending May 24, showing a marginal increase of $1 compared to the previous week.

However, this price is $46 lower than it was a month ago when it reached $430 mfbm.

In comparison to the same period last year, the current price has risen by $34, indicating a 10% increase.

Nevertheless, compared to two years ago, the price has declined significantly by $517, representing a 57% decrease.