Westchester NY

Framing Lumber Prices Down Year-over-year | Bedford Hills Real Estate

Here is another monthly update on framing lumber prices.   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

This post was last modified on %s = human-readable time difference 12:17 pm

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

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