Update: Framing Lumber Prices Up 50% Year-over-year

Here is another monthly update on framing lumber prices.  

This graph shows CME framing futures through Nov 30th.

Click on graph for larger image in graph gallery.

This is down sharply from late August, but still up 51% 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 - then the mills started catching up - but demand remains strong.