Breaking Stories

Update: Framing Lumber Prices Up Year-over-year

by Calculated Risk on 11/02/2021 11:56:00 AM

Here is another monthly update on framing lumber prices.

This graph shows CME random length framing futures through November 2nd.

Lumber was at $557 per 1000 board feet this morning.
This is down from a peak of $1,733, and up $25 from a year ago.

Lumber PricesClick on graph for larger image in graph gallery.

Lumber price are up 6% year-over-year.

There were supply constraints over the last year, for example, sawmills cut production and inventory at the beginning of the pandemic, and the West Coast fires in 2020 damaged privately-owned timberland (and maybe again in 2021).
The supply constraints have eased somewhat.
And there was a huge surge in demand for lumber (demand remains strong).

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *