Tuesday, September 04, 2018

Update: Framing Lumber Prices Off from Record Highs

by Bill McBride on 9/04/2018 04:50:00 PM

Here is another monthly update on framing lumber prices.   Lumber prices declined in August from the recent record highs, but are still up year-over-year.

This graph shows two measures of lumber prices: 1) Framing Lumber from Random Lengths through August 24, 2018 (via NAHB), and 2) CME framing futures.

Lumcber PricesClick on graph for larger image in graph gallery.

Right now Random Lengths prices are up 11% from a year ago, and CME futures are up about 19% year-over-year.

There is a seasonal pattern for lumber prices. Prices frequently peak around May, and bottom around October or November - although there is quite a bit of seasonal variability.