07/29/2026
Lumber Demand Waned As Summer Doldrums Arrived
The most important thing to note for mid-July 2026 is that the benchmark Western S-P-F 2x4 price is equal to same week last year. As always, Madison’s is the first to point out such trends with lumber price changes, which provides industry with the best insight to make their own business plans.
In the week ending July 17, 2026 the price of Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$500 mfbm, which flat from the previous week, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. That week’s price was up +$5, or +1%, from one month ago when it was $495.
Compared to the same week last year, when it was US$500 mfbm, the price of Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) for the week ending July 17, 2026 was flat. Compared to two years ago when it was $332, that week’s price was up +$168, or +51%.
KEY TAKE-AWAYS:
• Sellers of Western-SPF in the US enjoyed lively inquiry and takeaway early in the week.
• Purchasers continued to be focussed on short-term coverage rather than on building inventories.
• Manufacturer supply levels were still below average and order files were around two- to three-weeks.
• Buyers of Western-SPF in Canada were more circumspect than in previous weeks.
• Eastern-SPF sawmills maintained order files in a two- to three-week range.
• Buyers of Southern Yellow Pine reduced their activity to frequent fill-in trucks, covering only their immediate needs.
• Largely unforeseen bottlenecks and logistical problems influenced market direction heavily this year.
• Eastern stocking wholesalers continued to manage subpar inventory levels amid a shifting market.
FULL STORY: https://madisonsreport.com/lumber-demand-waned-as-summer-doldrums-arrived/