Here is another update on framing lumber prices. Early in 2013 lumber prices came close to the housing bubble highs - and prices are once again near the bubble highs.



This graph shows two measures of lumber prices: 1) Framing Lumber from Random Lengths through October 2017 (via NAHB), and 2) CME framing futures.



Prices in 2017 are up solidly year-over-year and might exceed the housing bubble highs in the Spring of 2018.



Click on graph for larger image in graph gallery.



Right now Random Lengths prices are up 25% from a year ago, and CME futures are up about 45% year-over-year.



There is a seasonal pattern for lumber prices. Prices frequently peak around May, and bottom around October or November - although there is quite a bit of seasonal variability.



It looks like we will see record prices in 2018.