Some important news this week is that multiple mills in both North America and Canada have announced formal production decreases for the remainder of this year. One major mill announced that they will produce 12% less lumber than normal. This is due to persistently weak market conditions along with other factors. 

Announcements and actions such as these are very likely to bring a tight supply for the remainder of the year which will inevitably allow lumber prices to rise. We do not expect to see many more weeks of double digit decreases in lumber prices (like we have had through August) for the remainder of 2025. 

SYP 

2x4s have been the leader of the pack in SYP as they have now taken the largest decrease (in comparison to other widths in SYP) for 3 weeks straight; dropping around $10 to $15/mbf this week. 

All lengths in 2×6 fell $10/mbf 

As for 8s, 10s, and 12s, decreases ranged from $0 to $10/mbf depending on the length. 

The overall average for standard grade SYP was a decrease of $6/mbf this week. 

We believe that it is possible that the coming weeks may be the best time to buy SYP in this year. On average, the same truck of SYP today would cost you $2700 less than it would have 3 months ago. 

Even if it is small, it seems that demand will have to rise with nice fall weather being upon us and more projects being built. This paired with less production at the mills is likely to spur at minimum a flattening in prices for the coming months if not a small increase. 

SPF 

SPF has now had three straight weeks of near or even above $20/mbf decreases. 

2x4s fell around $20/mbf 

2x6s came down $15/mbf 

Studs fell around $20/mbf. As far as SPF goes, we feel that the stud (or precut dimensions) are the best deals this week. 

There may still be a few weeks to wait if you really want to try to stock up when SPF hits the very bottom, but no one really knows when it will bottom out. Nevertheless it is a great time to stock up on any SPF products and studs as mills are anxious to move material. 

OSB 

OSB is still hovering at the bottom with no signs of increasing. We suggest buying what you need and more.