by Calculated Risk on 4/04/2022 02:12:00 PM

Here is another monthly update on framing lumber prices.  

This graph shows CME random length framing futures through April 4th.

Lumber was at $962 per 1000 board feet this morning.  

This is down from the peak of $1,733, and down 5% from $1,013 a year ago - but up more than triple from $311 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.