by Calculated Risk on 1/03/2023 02:51:00 PM

Here is another monthly update on framing lumber prices.

This graph shows CME random length framing futures through January 3rd.

Lumber was at $374 per 1000 board feet this morning.  

This is down from the peak of $1,733, and down 67% from $1,148 a year ago.

Prices are slightly below 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.

It is unlikely we will see a significant runup in prices this Spring due to the housing slowdown.