Update: Framing Lumber Prices Almost Double Year-over-year

Here is another monthly update on framing lumber prices.  

This graph shows CME framing futures through Feb 2nd.

Lumcber PricesClick on graph for larger image in graph gallery.

This is up 93% year-over-year – Almost double.
There is a seasonal pattern for lumber prices, and usually prices will increase in the Spring, and peak around May, and then bottom around October or November – although there is quite a bit of seasonal variability.

Clearly there is another surge in demand for lumber.