US lumber prices fall as market uncertainty looms

US lumber prices fell to around $530 per thousand board feet, a twelve-week low, primarily due to weakened demand, as high U.S. mortgage rates are slowing new home construction, reducing lumber needs, while uncertainty over U.S. tariffs on Canadian lumber adds to market volatility. On the supply side, Canadian sawmill curtailments and closures, especially in British Columbia, have lowered North American production capacity, failed to offset weak demand. Prices for structural panels, OSB, and Southern Yellow Pine plywood have also fallen in response. While some regions, such as Europe, report higher export prices, the global ...