Calculated Threat: Replace: Lumber Costs Unchanged YoY

Date:

Share post:

by Calculated Threat on 9/10/2024 01:52:00 PM

Right here is one other month-to-month replace on lumber costs.

SPECIAL NOTE: The CME group discontinued the Random Size Lumber Futures contract on Could 16, 2023.  I switched to a physically-delivered Lumber Futures contract that was began in August 2022. 

Sadly, this impacts long run worth comparisons for the reason that new contract was priced about 24% greater than the previous random size contract for the interval when each contracts have been out there.

This graph reveals CME random size framing futures via final August (blue), and the brand new physically-delivered Lumber Futures (LBR) contract beginning in August 2022 (Crimson).

LBR is at the moment at $505 per 1000 board toes, up barely from a yr in the past.

Click on on graph for bigger picture.

There may be considerably of a seasonal demand for lumber, and lumber costs continuously peak within the first half of the yr.

We did not see a major runup within the Spring interval of 2023 or 2024 because of the housing slowdown.  

Related articles

Industrial Manufacturing Decreased 0.3% in October

by Calculated Threat on 11/15/2024 09:15:00 AM Earlier from the Fed: Industrial Manufacturing and Capability UtilizationIndustrial manufacturing (IP) decreased...

Your information to learn how to dodge a tariff

Unlock the White Home Watch publication without spending a dimeYour information to what the 2024 US election means...

TSMC secures $11.6bn in funding as Chips Act faces unsure future

Unlock the White Home Watch publication totally freeYour information to what the 2024 US election means for Washington...

Abolish the Division of Homeland Safety

The Trump transition group on Wednesday introduced that he's nominating South Dakota governor Kristi Noem as the following...