Here is another monthly update on framing lumber prices.
This graph shows CME random length framing futures through April 4th.
Lumber was at $962 per 1000 board feet this morning.
This is down from the peak of $1,733, and down 5% from $1,013 a year ago – but up more than triple from $311 two years ago.
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 it seems likely lumber prices peaked earlier this year).
A combination of strong demand and various supply constraints have kept lumber prices high and volatile.
What's your reaction?