Glenview New Construction Single Family Homes: US Census Monthly Permit Survey

  This chart shows on the number of new housing units authorized by building permits through June. The data are from the Building Permits Survey.

Northbrook New Construction, Single Family Homes: US Census Monthly Permit Survey

  This chart shows on the number of new housing units authorized by building permits through June. The data are       from the Building Permits Survey.

Wilmette New Construction Single Family Homes : US Census Monthly Permit Survey

   This chart shows on the number of new housing units authorized by building permits through June. The data are from the Building Permits Survey.

Winnetka New Construction, Single Family Homes: US Census Monthly Permit Survey

  This chart shows on the number of new housing units authorized by building permits through June. The data are  from the Building Permits Survey.

Glencoe New Construction, Single Family Homes: US Census Monthly Permit Survey

 This chart shows on the number of new housing units authorized by building permits through June. The data are      from the Building Permits Survey.

City of Chicago New Construction Single Family Buildings: US Census Monthly Permit Survey

This chart shows on the number of new housing units authorized by building permits through June. The data are from the Building Permits Survey.

Chicago New Construction 2 Unit Buildings: U.S. Census Monthly Permit Survey

This chart shows on the number of new 2 unit buildings authorized by building permits through 

June. The data are from the Building Permits Survey.

Chicago New Construction 3 & 4 Unit Buildings: U.S. Census Monthly Permit Survey

 This chart shows on the number of new 3 & 4 unit buildings authorized by building permits through June. The data are from the Building Permits Survey.

Update: Lumber Prices Up 6% YoY

Saturday, February 01, 2025

Update: Lumber Prices Up 6% YoY

by Calculated Risk on 2/01/2025 05:15:00 PM

by Calculated Risk on 2/01/2025 05:15:00 PMSPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023.  I switched to a physically-delivered Lumber Futures contract that was started in August 2022.  Unfortunately, this impacts long term price comparisons since the new contract was priced about 24% higher than the old random length contract for the period when both contracts were available.

This graph shows CME random length framing futures through August 2022 (blue), and the new physically-delivered Lumber Futures (LBR) contract starting in August 2022 (Red).

On January 31, 2025, LBR was at $592.50 per 1000 board feet, up 6.4% from a year ago.

Click on graph for larger image.

There is somewhat of a seasonal demand for lumber, and lumber prices frequently peak in the first half of the year.

We didn't see a significant runup in the Spring period of 2023 or 2024 due to the housing slowdown.  

But we might see an increase due to the tariffs on Canada.

New Construction Home in Glenview, 2009 Dewes St, completion April, 2025. $2,379,000

Click here for more information and photos.

Wilmette New Construction Single Family Homes : US Census Annual Permit Survey

 This chart shows on the number of new housing units authorized by building permits through July. The data are from the Building Permits Survey.

City of Chicago New Construction Single Family Buildings: US Census Annual Permit Survey

 This chart shows on the number of new housing units authorized by building permits through July. The data are from the Building Permits Survey.

Glencoe New Construction, Single Family Homes: US Census Annual Permit Survey

 This chart shows on the number of new housing units authorized by building permits through July. The data are from the Building Permits Survey.

Winnetka New Construction, Single Family Homes: US Census Annual Permit Survey

 This chart shows on the number of new housing units authorized by building permits through July.

 The data are from the Building Permits Survey.

Glenview New Construction Single Family Homes: US Census Annual Permit Survey

 This chart shows on the number of new housing units authorized by building permits through July. The data are from the Building Permits Survey.