by Calculated Risk on 4/02/2023 10:23:00 AM

Here is another monthly update on framing lumber prices.

This graph shows CME random length framing futures through March 31st.

Lumber is currently at $360 per 1000 board feet.

This is down from the peak of $1,733, and down 63% from $1008 a year ago.

Prices are 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.