JUNE 2025 BUILDING MATERIAL MARKET REFLECTION
Building Material Market Overview
The Western SPF (Spruce-Pine-Fir) lumber market in June was characterized by stabilizing prices, cautious demand, and tight supply management.
The price of Western SPF 2×4 #2&Btr KD (RL) rose slightly by the end of June, up 8% from May.
The commodity markets have largely stabilized across key product categories, enabling mills to establish order files and firm up pricing.
New Residential Construction Press Release
Western SPF lumber seeing some modest price increases in 2×4 as other widths remain flat with 2×12 still searching for a bottom.
OSB was down overall for the month of June but has found a bottom as prices have remained flat the last 2 weeks.
Plywood was able to push higher on pricing as mills established strong order files heading into July.
EWP remains steady in both supply and pricing. Some mills continue to be impacted by Canadian Tariffs on U.S. products.
Building Materials: We continue to see modest price increases on many products affected by the tariffs.
Looking Through the Crystal Ball
As we enter the typical summer slowdown demand remains sluggish as buyers continue to favor just-in-time purchasing, avoiding taking large inventory positions.
The market appears to be in a holding pattern, with no strong indicators of a near-term breakout in demand. While some price firming was observed, the overall tone remains cautious. Expected buyers to continue their conservative approach unless economic signals improve or supply disruptions intensify.
FRAMING LUMBER
| R/L | JUNE 27, 2025 | MAY 30, 2025 | +/- |
|---|---|---|---|
| 2×4 | $659 | $621 | 6 |
| 2×6 | $539 | $531 | 2 |
| 2×8 | $512 | $510 | 0 |
| 2×10 | $604 | $607 | 0 |
| 2×12 | $798 | $876 | -9 |
| STUDS | JUNE 27, 2025 | MAY 30, 2025 | +/- |
|---|---|---|---|
| 2×4 – 92 5/8“ | $498 | $472 | 6 |
| 2×4 – 104 5/8“ | $593 | $566 | 5 |
| 2×6 – 92 5/8“ | $525 | $518 | 1 |
| 2×6 5/8“ | $566 | $559 | 1 |
OSB
OSB was down overall for the month of June but has found a bottom as prices have remained flat the last 2 weeks
| OSB | JUNE 27, 2025 | MAY 30, 2025 | +/- |
|---|---|---|---|
| 3/8″ | $340 | $360 | -6 |
| 7/16″ | $340 | $360 | -6 |
| 15/32″ | $360 | $390 | -8 |
| 19/32″ | $510 | $530 | -4 |
| 23/32″ | $630 | $650 | -3 |
PLYWOOD
Plywood was able to push higher on pricing as mills established strong order files heading into July.
| PLYWOOD (STD) | JUNE 27, 2025 | MAY 30, 2025 | +/- |
|---|---|---|---|
| 9.5 (3/8) | $633 | $580 | 9 |
| 12.5 (1/2) | $844 | $773 | 9 |
| 15.5 (5/8) | $1,055 | $967 | 9 |
| 18.5 (3/4) | $1,266 | $1,160 | 9 |
| 25.5 (1) | $1,911 | $1,752 | 9 |
Framing Lumber Composite Price
JUNE 27, 2025 LUMBER MARKET REPORT HIGHLIGHTS:
- Framing lumber markets have faced a strenuous first half of the year. High mortgage rates, economic
uncertainty, and political tensions have led to prolonged price declines and weak demand. - Western S-P-F sales improved moderately as buyers anticipated higher duty rates and potential supply
shortages, leading to firm or rising prices despite weak demand from end users. - Lumber Futures dipped early in the week but rebounded strongly, with steady cash market sales and
slightly higher prices, while trading volumes and open interest increased. - Stud lumber demand and prices for most species were stable to slightly higher, with modest gains in
some trims.
| This Week | Last Week | Year Ago | |
|---|---|---|---|
| FRAMING LUMBER COMPOSITE PRICE | $576 | $581 | $501 |
| 2×4 #2&BTR KD Western S-P-F | $659 | $648 | $463 |
| 2×6 #2&BTR KD Western S-P-F | $539 | $538 | $468 |
| 2x4x9′ Studs | $668 | $660 | $455 |
| 2x6x9′ Studs | $659 | $662 | $527 |
| 2×10 #2&BTR KD Western S-P-F | $604 | $602 | $548 |
2020-2025 FRAMING LUMBER COMPOSITE PRICE
Structural Panel Composite Price
JUNE 27, 2025 PANEL MARKET REPORT HIGHLIGHTS:
- OSB prices stabilized after hitting a low last week.
- Demand remained weak due to extreme heat and economic concerns, leading to cautious trading
and steady mill quotes. - Western plywood trading was mixed midweek with discounts available, but by Friday, mills stopped
accepting counters. This resulted in firm prices due to tight production and extended downtime. - Canadian plywood prices continued to rise as the first half of the year ended, with mills reporting
higher sales despite some buyers anticipating a slower July.
| This Week | Last Week | Year Ago | |
|---|---|---|---|
| ORIENTED STRAND COMPOSITE | $359 | $359 | $482 |
| 3/8″ 4×8 OSB | $340 | $340 | $490 |
| 23/32″ 4×8 OSB T&G | $630 | $630 | $760 |
| 3/8″ 4×8 Spruce Plywood | $633 | $621 | $553 |
2020-2025 ORIENTED STRAND BOARD COMPOSITE PRICE
*All Pricing is in CAD