Here is another monthly update on framing lumber prices. Â Lumber prices declined further in September from the recent record highs, and are now down year-over-year.
This graph shows two measures of lumber prices: 1) Framing Lumber from Random Lengths through October 5, 2018 (via NAHB), and 2) CME framing futures.
image: https://1.bp.blogspot.com/-E7wGkKJYGas/W7ucQh1Nf0I/AAAAAAAAwMU/LJGNuvCZt5kIOIsajkK6SxxCf0JM997twCLcBGAs/s320/LumberOct82018.PNG
Click on graph for larger image in graph gallery.
Right now Random Lengths prices are down 12% from a year ago, and CME futures are also down 12% year-over-year.
There is a seasonal pattern for lumber prices. Prices frequently peak around May, and bottom around October or November – although there is quite a bit of seasonal variability.
Read more…
https://www.calculatedriskblog.com/2018/10/update-framing-lumber-prices-down-year.html#dMwLgSHUwZtbJW2a.99