First, framing lumber prices are still roughly twice as high as they were in April 2020.
Second, framing lumber is only one of the softwood lumber products used in the average home. The softwood prices NAHB uses in its figures include plywood, oriented strand board (OSB), particleboard, fiberboard, shakes and shingles along with framing lumber.
Third, unlike framing lumber, prices of the other softwood items have not declined substantially in recent weeks.
That all said, prices have been clearly on the rise for the last 15 months.
Based on Random Lengths prices reported on July 8, 2021, the costs have risen to $42,882 for the softwood lumber products in an average single-family home, and $14,631 for the products in an average multifamily home. These numbers represent a 153% ($25,955) and 146% ($8,691) increase in single-family and multifamily builders’ softwood lumber costs, respectively.
Source: globest.com