Update: Framing Lumber Prices Up 23% Year-over-year

Here is another monthly update on framing lumber prices.  

This graph shows CME framing futures through Oct 30th.

Click on graph for larger image in graph gallery.

This is down sharply from late August, but still up 23% year-over-year.

There is a seasonal pattern for lumber prices, and usually prices will increase in the Spring, and peak around May, and then bottom around October or November - although there is quite a bit of seasonal variability.

Clearly there was a surge in demand for lumber mid-year, but the mills are now catching up.