Latest News

Update: Framing Lumber Prices Down 67% YoY, Slightly Below Pre-Pandemic Levels


Here is another monthly update on framing lumber prices.

This graph shows CME random length framing futures through January 3rd.

Lumber was at $374 per 1000 board feet this morning.  
This is down from the peak of $1,733, and down 67% from $1,148 a year ago.

Prices are slightly 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.

CoreLogic: House Prices up 8.6% YoY in November; Declined 0.2% MoM in November NSA

Previous article

Wednesday: Job Openings, ISM Mfg, Vehicle Sales, FOMC Minutes

Next article

You may also like


Leave a reply

Your email address will not be published.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

More in Latest News