A “normal” annual softwood lumber price cycle sees prices dropping from Labour Day until early in the new year when buying starts again for the spring construction season. Three interest rate cuts this year from the U.S. Federal Reserve are expected. With lower mortgage rates expected, will we see increasing demand for lumber? And how are the tariffs and duties impacting those prices? Current pricing The price of softwood lumber (Spruce-Pine-Fir, or SPF, per thousand board feet, or mbf) dropped more than 20 per cent in August due to stockpiling in anticipation of higher prices ...