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by Calculated Threat on 9/01/2025 05:04:00 PM
That is one thing to look at 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% larger than the previous random size contract for the interval when each contracts have been obtainable.
This graph exhibits CME random size framing futures by August 2022 (blue), and the brand new physically-delivered Lumber Futures (LBR) contract beginning in August 2022 (Crimson).
Click on on graph for bigger picture.
This graph exhibits CME random size framing futures by August 2022 (blue), and the brand new physically-delivered Lumber Futures (LBR) contract beginning in August 2022 (Crimson).
On August 29, 2025, LBR was at $548.50 per 1,000 board ft, up 11% 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 steadily 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 as a consequence of a mix of provide constraints and a pickup in housing begins.
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