Here is another monthly update on framing lumber prices.
This graph shows CME random length framing futures through March 3rd.
Lumber is currently at $369 per 1000 board feet.
This is down from the peak of $1,733, and down 72% from $1,441 a year ago.
Prices are down 8% compared to the same week in 2019, and below the pre-pandemic levels of around $400.
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.