Even as housing starts picked up in 2015, the cost of framing lumber showed a year-over-year decline, according to the Calculated Risk blog. Early in 2013, lumber prices were close to housing-bubble highs because of a surge in demand and constraints in supply. By early 2014, price increases were less dramatic as supplies became more available and demands eased. This year, the blog reports, the falloff in prices is probably due to more supply and a lower demand from China. Also, while multifamily starts have been up, those projects use less lumber than single-family homes. Random Lengths is reporting prices are off about 12% from a year ago, and CME framing futures are down 21% year-over-year. Read More