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US lumber demand declines due to low construction activity at the year-end
Posted on December 26, 2022 |
Lumber prices declined regularly due to a general seasonal slowdown, a reduction in construction activity in winter, and excess supply across the market, so demand for timber has decreased, and at this point of the year, no one wants to build inventory, whether sawmill or wholesaler.
The price of standard softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) fell by 3% to $390 mfbm from the previous week when it was $400 mfbm and it fell by 20% from one month ago when it was $486.