US lumber prices continue to rise, ignoring seasonal declines

As far as the seasonal cycle of lumber sales — thus prices — goes, normally, after the Labour Day long weekend, demand starts to drop and by U.S. Thanksgiving, demand reaches the annual low. This didn’t happen last year, and has not been happening this year.

Looking at lumber prices, showing surprising strength in ongoing increases when usually lumber prices are dropping, in the week ending October 22, 2021, the price of Western S-P-F 2×4 #2&Btr KD (RL) was $630 mfbm ($408/m³), which is up by a remarkable +$35, or +6%, from the previous week when it was $595, reports Madison’s Lumber Reporter. This price is up by +$142, or +29%, from one month ago when it was $488.