by Calculated Risk on 10/02/2022 12:04:00 PM

Here is another monthly update on framing lumber prices.

This graph shows CME random length framing futures through September 30th.

Lumber was at $425 per 1000 board feet on Friday.  

This is down from the peak of $1,733, and down 34% from $643 a year ago.

Prices are close to the pre-pandemic levels of around $400.

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 peaked much earlier this year.

It is unlikely we will see a runup in prices as happened at the end of last year due to the housing slowdown.