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Update: Framing Lumber Prices Down 63% YoY, Below Pre-Pandemic Levels


Here is another monthly update on framing lumber prices.

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

Lumber is currently at $60 per 1000 board feet.
This is down from the peak of $1,733, and down 63% from $1008 a year ago.

Prices are below 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.
It is unlikely we will see a significant runup in prices this Spring due to the housing slowdown.

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