Monday, November 05, 2018

Update: Framing Lumber Prices Down Year-over-year

by Bill McBride on 11/05/2018 12:23:00 PM

Here is another monthly update on framing lumber prices.   Lumber prices declined further in October from the record highs earlier in 2018, and are now down over 20% year-over-year.

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

Lumcber PricesClick on graph for larger image in graph gallery.

Right now Random Lengths prices are down 22% from a year ago, and CME futures are  down 29% 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.