Here is another monthly update on framing lumber prices.
This graph shows CME framing futures through Nov 30th.
This is down sharply from late August, but still up 51% year-over-year.
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 was a surge in demand for lumber mid-year – then the mills started catching up – but demand remains strong.