Body lumber costs close to pre-pandemic ranges

by Danger calculated on 02/10/2022 12:04:00

Here is one other month-to-month replace on lumber costs.

This graph exhibits CME random size governing futures contracts till September 30.

Lumber was at $425 per 1,000 board toes on Friday.

That is down from the excessive of $1,733 and down 34% from the $643 a yr in the past.

Costs are near pre-pandemic ranges of round $400.

Timber pricesClick on on the graphic to enlarge the picture.

There’s a considerably seasonal demand for lumber, and lumber costs typically peak in April or Could, though they peaked a lot earlier this yr.

We’re unlikely to see a value spike as occurred late final yr because of the housing downturn.