U.S. lumber prices are set to rebound in the third quarter of 2025 after a sluggish spring, with higher Canadian duties expected in August and renewed uncertainty around potential tariffs on imported wood products. After a steep drop in prices between March and May, Western Spruce-Pine-Fir (W-SPF) 2×4 random lengths fell nearly 25% to $437 per thousand board feet (Mbf) in early May before inching up to $450/Mbf by month’s end. Eastern SPF (E-SPF) prices, delivered to the Great Lakes region, declined 14% over the same period, reaching $545/Mbf.  ...