In Brief: Framing Lumber Prices Already Up 20 Percent Year-over-Year

Framing lumber prices could be approaching the highs of the housing bubble by next spring, according to data from the National Association of Home Builders. Random Lengths prices are up 22 percent from a year ago, and CME futures are up about 19 percent year-over-year.

lumber

Framing lumber prices could be approaching the highs of the housing bubble by next spring, according to data from the National Association of Home Builders.

Random Lengths prices are up 22 percent from a year ago, and Chicago Mercantile Exchange futures are up about 19 percent year-over-year.

According an article in Barrons, the recent hurricanes and forest fires in North America are likely to drive prices higher by the end of the year.

Brett Widness is the managing editor of Urban Land. Previously, he worked in online editorial at the Washington Post, AARP, and AOL, now part of Yahoo!
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