Here is another monthly update on framing lumber prices.
This graph shows CME random length framing futures through May 8th.
Lumber is currently at $356 per 1000 board feet.
This is down from the peak of $1,733, and down 57% from $827 a year ago.
Prices are below 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.
We didn’t see a significant runup in prices this Spring due to the housing slowdown.