by Calculated Threat on 7/22/2025 03:11:00 PM
That is one thing to observe once more. Right here is one other replace on lumber costs.
SPECIAL NOTE: The CME group discontinued the Random Size Lumber Futures contract on Might 16, 2023. I switched to a physically-delivered Lumber Futures contract that was began in August 2022. Sadly, this impacts long run worth comparisons because the new contract was priced about 24% increased than the outdated random size contract for the interval when each contracts have been accessible.
This graph exhibits CME random size framing futures by way of August 2022 (blue), and the brand new physically-delivered Lumber Futures (LBR) contract beginning in August 2022 (Pink).
This graph exhibits CME random size framing futures by way of August 2022 (blue), and the brand new physically-delivered Lumber Futures (LBR) contract beginning in August 2022 (Pink).
On July 22, 2025, LBR was at $669.50 per 1,000 board toes, up 30% from a 12 months in the past.
Click on on graph for bigger picture.
There’s considerably of a seasonal demand for lumber, and lumber costs incessantly peak within the first half of the 12 months.
The pickup in early 2018 was because of the Trump lumber tariffs in 2017. There have been large will increase through the pandemic on account of a mix of provide constraints and a pickup in housing begins.
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