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

Here is another monthly update on framing lumber prices.   Lumber prices declined sharply from the record highs in early 2018, and then increased until the COVID-19 crisis. This graph shows two measures of lumber prices: 1) Framing Lumber from Random Lengths through June 26, 2020 ( via NAHB ), and 2) CME framing futures. Click on graph for larger image in graph gallery. Right now Random Lengths prices are up 36% from a year ago, and CME futures are up 14% year-over-year. There is a seasonal pattern for lumber prices, and usually prices will increase in the Spring, and peak around......(read more)

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