Some North American lumber prices popped up slightly while others dropped a bit, as customers and suppliers were able to hammer out agreeable price levels for 2022. While it is impossible to say yet, the way prices waffled as January transitioned into February, it is obvious players are coming close to finding where the market will be for this looming spring construction season. Those who thought prices would revert close to historical norm will be quite disappointed, according to Madison’s Lumber Reporter.

After staying flat for three weeks, in the week ending February 11, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$1,230 mfbm, which is up by +$10, or +1%, from the previous week when it was $1,220. That week’s price is up by +$53, or +4%, from one month ago when it was $1,178.

Following a meandering start to the month of February, suppliers of Western S-P-F commodities in the United States reported strong inquiry and takeaway.