Madison’s Lumber Report in Around Town
Your Weekly Construction Briefing
The price of the benchmark construction framing dimension Western Spruce-Pine-Fir 2×4 #2&Btr fell from US$960 mfbm (end of September) to US$580 mfbm (November 6). In September 2015 the low was US$249 mfbm. The last high was in June 2018, when the price was US$622 mfbm.
BC’s amended Manufactured Forest Products Regulation went into effect last month and stipulates that Western Red Cedar and Cypress logs from the B.C. Coast must be fully manufactured and that the maximum dimension of a sawn-wood product for export is now .1 square from .2 square (12” from 17”). An export permit and payment of a fee in lieu applies to any product not meeting the criteria.
The USA purchases approximately 65% of Canada’s dimension lumber production mostly for home construction framing, while Canadian buyers account for about 10%, and those in Japan take 6%.
Excerpts from madisonsreport.com.
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