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Monday, August 29, 2022

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

by Calculated Risk on 8/29/2022 12:28:00 PM

Here is another monthly update on framing lumber prices.

This graph shows CME random length framing futures through August 29th.

Lumber was at $511 per 1000 board feet this morning.  

This is down from the peak of $1,733, and up 5% from $485 a year ago.

Prices are still up sharply from the pre-pandemic levels of around $400.

Lumber PricesClick on graph for larger image.

There is somewhat of a seasonal demand for lumber, and lumber prices usually peak in April or May, although peaked earlier this year due to the housing slowdown.

Prices are near the lows for 2021, and it is unlikely we will see a runup in prices as happened at the end of last year.