Autumn Slowdown Brings Dropping Lumber Prices
The typical seasonal autumn construction slowdown has brought a drop in lumber prices. With the recent storms however, it is unknown what the future will hold for lumber during the reconstruction processes.
According to Canadian Forest Industries, after holding flat for several weeks, in the week ending September 30, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$505 mfbm. This is down by $15, or three per cent from the previous week when it was $520, and is down by $98, or 16 per cent, from one month ago when it was $603.
