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Update: 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.
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.

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.

Schedule for Week of March 5, 2023

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