Framing Lumber Prices Down Sharply from Recent Peak, Up Solidly Year-over-year
by Calculated Risk on 6/30/2021 12:14:00 PM
Here is another monthly update on framing lumber prices.
This graph shows CME framing futures through June 30th.
Lumber is currently at $722 per 1000 board feet.
Lumber price are up 60% year-over-year.
There are supply constraints, for example, sawmills cut production and inventory at the beginning of the pandemic, and the West Coast fires in 2020 damaged privately-owned timberland.
The supply constraints are easing.
And there has been a huge surge in demand for lumber.