Framing Lumber Prices Down 72% YoY, Below Pre-Pandemic Levels
by Calculated Risk on 3/05/2023 09:36:00 AM
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.
Prices are down 8% compared to the same week in 2019, and 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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