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Update: Framing Lumber Prices Up Year-over-year

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Here is another monthly update on framing lumber prices.

This graph shows CME random length framing futures through October 5th.

Lumber was at $645 per 1000 board feet this morning.
This is down from a peak of $1,733, and up from $557 a year ago.

Click on graph for larger image in graph gallery.

Lumber price are up 15% year-over-year.

There were supply constraints over the last year, for example, sawmills cut production and inventory at the beginning of the pandemic, and the West Coast fires in 2020 damaged privately-owned timberland (and maybe again in 2021).
The supply constraints have eased somewhat.
And there was a huge surge in demand for lumber (demand remains strong).

October 5th COVID-19: 7-Day Average Cases Falls Below 100K, Lowest since August 3rd

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