by Bill McBride on 6/18/2010 03:39:00 PM
Friday, June 18, 2010
By request, a graph of lumber prices ...
Click on graph for larger image in new window.
From the NAHB, framing lumber prices have collapsed since the end of April.
This graph shows two measures of lumber prices: 1) from Random Lengths (via NAHB), and 2) CME futures.
With so many mills shut down during the bust, the supply of lumber was way down - and prices surged early this year. Now that construction has slowed, prices have collapsed.