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by Calculated Threat on 11/16/2025 11:28:00 AM
Right here is one other replace on lumber costs.
SPECIAL NOTE: The CME group discontinued the Random Size Lumber Futures contract on Could 16, 2023. I switched to a physically-delivered Lumber Futures contract that was began in August 2022. Sadly, this impacts long run worth comparisons for the reason that new contract was priced about 24% greater than the outdated random size contract for the interval when each contracts have been obtainable.
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).
Click on on graph for bigger picture.
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 November 14, 2025, LBR was at $560.00 per 1,000 board ft, down 7.7% 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 often peak within the first half of the 12 months.
The pickup in early 2018 was as a result of Trump lumber tariffs in 2017. There have been enormous will increase in the course of the pandemic because of a mixture of provide constraints and a pickup in housing begins.
Now, even with the tariffs, costs are down barely year-over-year suggesting weak demand.
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