What happened to framing lumber?

The Framing Lumber Composite Price dropped to $1,113 last week, a decline of $211 from the week prior. Lumber futures hit $904.90 over the weekend. But consumers are not out of the woods yet. Jalbert said it could take several weeks for price reductions to take effect in retail home centers.

How much did wood cost in May?

That cost more than quintupled over the following 14 months, reaching a high of $1,607.50 this May. The Framing Lumber Composite Price, a real-time index of construction-wood prices calculated by the industry publication Random Lengths, hit $1,514 per thousand board feet in May.

How has the lumber composite price changed over the past month?

The Random Lengths framing lumber composite price rose 0.5% (the first weekly increase in six weeks). Prices are down 8.1% over the past month, and down 7.2% compared to a year ago. The price of lumber futures fell 1.2% (down 9% in the past month). The structural panel composite price was down 4.2%.