Latest News

Update: Framing Lumber Prices Down 50% Year-over-year; Still up Sharply from Pre-pandemic Levels

Here is another monthly update on framing lumber prices.  

This graph shows CME random length framing futures through May 31st.

Lumber was at $656 per 1000 board feet this morning.  
This is down from the peak of $1,733, and down 50% from $1,284 a year ago.

Prices are still up sharply from the pre-pandemic levels of around $400.

Click on graph for larger image.

There is somewhat of a seasonal demand for lumber, and lumber prices usually peak in April or May (although it seems likely lumber prices peaked earlier this year).

The slowdown in housing – and some supply improvement – has pushed down prices.

What is your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News