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.
Click 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.