by Calculated Risk on 5/02/2022 04:08:00 PM
Here is another monthly update on framing lumber prices.
This graph shows CME random length framing futures through May 2nd.
Lumber was at $1,035 per 1000 board feet this morning.
This is down from the peak of $1,733, and down from $1,670 a year ago – but up sharply from $361 two years ago.
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.