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Update: Framing Lumber Prices Close to Pre-Pandemic Levels


by Calculated Risk on 10/02/2022 12:04:00 PM

Here is another monthly update on framing lumber prices.

This graph shows CME random length framing futures through September 30th.

Lumber was at $425 per 1000 board feet on Friday.
This is down from the peak of $1,733, and down 34% from $643 a year ago.

Prices are close to 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, although peaked much earlier this year.
It is unlikely we will see a runup in prices as happened at the end of last year due to the housing slowdown.

Construction Spending Decreased 0.7% in August

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