Update: Framing Lumber Prices Up Sharply Year-over-year

Here is another update on framing lumber prices. Early in 2013 lumber prices came close to the housing bubble highs - and prices are once again near the bubble highs. This graph shows two measures of lumber prices: 1) Framing Lumber from Random Lengths through October 2017 ( via NAHB ), and 2) CME framing futures. Prices in 2017 are up solidly year-over-year and might exceed the housing bubble highs in the Spring of 2018. Click on graph for larger image in graph gallery. Right now Random Lengths prices are up 25% from a year ago, and CME futures are up about 45% year-over-year. There is a......(read more)

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