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by Calculated Hazard on 4/02/2023 10:23:00 AM
Right here is another month-to-month update on framing lumber price ranges.
This graph reveals CME random length framing futures as a result of March 31st.
Lumber is currently at $360 for every 1000 board toes.
This is down from the peak of $1,733, and down 63% from $1008 a year in the past.
Selling prices are underneath the pre-pandemic levels of all-around $400.
Click on graph for bigger impression.
There is somewhat of a seasonal desire for lumber, and lumber rates generally peak in April or May possibly.
It is not likely we will see a substantial runup in rates this Spring owing to the housing slowdown.
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Framing Lumber Prices Down 63% YoY, Under Pre-Pandemic Ranges