Update: Framing Lumber Prices Up Sharply Year-over-year

Here is another monthly update on framing lumber prices.  

This graph shows CME framing futures through Mar 29th.

Click on graph for larger image in graph gallery.

This is up sharply year-over-year (lumber prices slumped at the beginning of the pandemic).

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 is another surge in demand for lumber.