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Monday, May 08, 2023

Update: Framing Lumber Prices Down 57% YoY, Below Pre-Pandemic Levels

by Calculated Risk on 5/08/2023 04:00:00 PM

Here is another monthly update on framing lumber prices.

This graph shows CME random length framing futures through May 8th.

Lumber is currently at $356 per 1000 board feet.

This is down from the peak of $1,733, and down 57% from $827 a year ago.

Prices are below 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.

We didn't see a significant runup in prices this Spring due to the housing slowdown.