by Calculated Risk on 1/10/2022 04:15:00 PM

Here is another monthly update on framing lumber prices.  

This graph shows CME random length framing futures through January 10th.

Lumber was at $1,160 per 1000 board feet this morning.  

This is down from a peak of $1,733, but up $515 from a year ago.

Click on graph for larger image in graph gallery.

Lumber price are up 75% year-over-year.

A combination of strong demand and various supply constraints have pushed up the price of lumber again.