Update: Framing Lumber Prices: Down from Recent Peak, but increasing Recently

Here is another monthly update on framing lumber prices.  

This graph shows CME random length framing futures through May 2nd.

Lumber was at $1,035 per 1000 board feet this morning.  

This is down from the peak of $1,733, and down from $1,670 a year ago - but up sharply from $361 two years ago.

Click on graph for larger image.

There is somewhat of a seasonal demand for lumber, and lumber prices usually peak in April or May (although it seems likely lumber prices peaked earlier this year).

A combination of strong demand and various supply constraints have kept lumber prices high and volatile.