US lumber prices surge amid rising demand

Posted on August 26, 2024   |  

Demand for spruce, pine, and fir increased, with commodity prices stabilizing or rising.

Panel sales remained weak, though plywood prices saw a small uptick.

Western spruce, pine, and fir prices rose by 6% to $374 per thousand board feet (mfbm) in the week ending August 9.

This price is up 10% from $339 mfbm a month ago.

However, the price is still 9% lower than the same week last year ($410 mfbm) and 39% lower than two years ago ($610 mfbm).