Here is another monthly update on framing lumber prices.
This graph shows CME random length framing futures through November 8th.
Lumber was at $447 per 1000 board feet this morning.
This is down from the peak of $1,733, and down 33% from $663 a year ago.
Prices are close to 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, although prices peaked much earlier this year.
It is unlikely we will see a runup in prices as happened at the end of last year due to the housing slowdown.