Lumber fell to 579.59 USD/1000 board feet on July 14, 2025, down 3.24% from the previous day. Over the past month, Lumber's price has fallen 7.29%, but it is still 38.48% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber - values, historical data, forecasts and news - updated on July of 2025.

The price of lumber in the United States fluctuated widely over the last five years, from a low of 240 dollars per 1,000 board feet in January 2016 to a peak of over 1,500 dollars in April 2021. This overall increase has not been linear though, with, for example, lumber prices falling by around 50 percent between June and September 2018, and again between August and October 2020. The value fell again by around 75 percent between May and August 2021. As of the end of December 2024, the price of lumber stood at 550.5 U.S. dollars per thousand board feet. Which nations are at the forefront of lumber production? The production of lumber is dependent on the availability of forest resources, market demand, and technological advances. Sustainable forest management practices a continuous supply of timber, while economic factors and construction activity drive demand. Among the countries countries with the largest production of lumber were China and the United States. Other countries with a relatively high lumber production rate were Russia, China, and Brazil.

The price of lumber has seen both an overall increase, and large amounts of volatility since 2019. From its low in early April 2020 to its peak in May 2021, the price per 1,000 board feet of lumber increased almost sevenfold, reaching ***** U.S. dollars. Yet, after reaching this peak the price then fell to below *** U.S. dollars per 1,000 board feet in August 2021 before rising again to reach over 1,000 U.S. dollars in the beginning of 2022. Since then, the price per 1,000 board feet of lumber decreased overall, reaching *** U.S. dollars as of January 29, 2025.

Non-seasonal prices paid for softwood lumber in the United States have remained relatively stable since 2023, after reaching a peak in March 2022. While the price of softwood lumber in May 2021 was valued at over 581 index points, that figure dropped to 274 in September of that year. The price of softwood veneer and plywood in the United States has also followed a similar trend.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Lumber was 277.36400 Index 1982=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Lumber reached a record high of 462.00000 in May of 2021 and a record low of 4.50000 in August of 1932. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Lumber and Wood Products: Lumber - last updated from the United States Federal Reserve on July of 2025.

American lumber prices have decreased threefold, closing in on pre-COVID levels, which should drive global prices down. The change in lumber prices is largely influenced by slumping demand for real estate which became more expensive from diminished access. In Russia, the world’s largest supplier, a sharp increase in lumber exports led to a shortage in the domestic market. Attempting to hold the price growth instigated by that, the Russian government implemented 10% export duties on lumber until the end of 2021. Due to this, the main importers of Russian goods may opt for other suppliers.

Lumber wholesalers distribute a wide range of lumber, plywood, millwork and wood panel products to contractors, home improvement stores, hardware stores and other miscellaneous buyers, like government agencies, businesses for end use, consumers and farms. The industry has faced severe volatility through most of the current period as a result of the pandemic, massive supply chain disruptions and surging interest rates. In particular, higher rates offset growth realized at the start of the pandemic from torrid housing starts and home improvement markets, leading to five-year declines in the industry. Overall, revenue has faltered at an expected CAGR of 1.1% to $150.7 billion through the current period, despite a 1.3% jump in 2025, where profit reached 4.3%. Supply chain disruptions have also had an outsized impact on the industry's performance. In particular, major lumber shortages caused prices to skyrocket more than 36.0% in 2021. Wholesalers faced shrinking inventories and heightened demand from housing markets, with demand overwhelming availability. Companies were able to heavily raise prices, reaping 14.0% growth in the year. As prices ebbed and construction markets cooled, revenue dropped significantly, erasing gains from the start of the current period. In general, the cyclical nature of construction markets contributes to major boom-or-bust cycles. Lumber wholesalers will continue to contend with uncertainty through the outlook period. While interest rate cuts in 2024 and 2025 point toward healthier construction markets in the near future, tariffs may likely create economic uncertainty. Additionally, trade policies may introduce new supply chain complexities, raising lumber prices and potentially encouraging contractors to adopt alternative materials in home building. Additionally, companies will start to prioritize cost-saving technology and systems, like robotics and inventory management systems, improving connectivity with buyers and suppliers while reducing labor reliance. Wholesalers will also need to effectively manage inventories, ensuring products meet sustainability standards to attract and retain buyers. Overall, revenue will rebound at an expected CAGR of 2.0% to $166.7 billion through the outlook period, where profit will reach 4.4%.

Canadian lumber wholesalers have grappled with global lumber price volatility, creating challenging conditions both for wholesalers and for downstream clients like construction contractors, home improvement stores and hardware stores. In 2021 and 2022, the price of lumber soared globally as demand for new construction soared, especially in the United States. While exports and imports are not tracked at a wholesale level, many companies do sell across the border; as a result, conditions in the United States affect revenue. As lumber prices and Canadian residential construction activity have fallen from their respective 2021 and 2022 peaks, so too has revenue for the Lumber Wholesaling industry in Canada. With industry revenue forecast to remain level in 2025 alone, the overall industry is expected to have decreased at a five-year CAGR of 1.8% to reach $15.6 billion in 2025. The fate of wholesalers has largely been tied to the volatility of downstream construction markets. High interest rates stifled previously hot residential construction markets in both Canada in the US till both the Bank of Canada and the Federal Reserve began cutting rates. While this is set to improve construction activity, and therefore demand for lumber, both the Bank of Canada and the Federal Reserve have held rates steady in their most recent 2025 decisions as volatile US-Canada tariff policy has created an uncertain economic situation. The US and Canada have had an ongoing trade dispute over lumber prices since before the US put in place broader tariffs in April 2025. The uncertain business environment caused in part by these tariffs has kept the average industry profit margin from expanding through the end of 2025. Lumber wholesalers are expected to see growth moving forward. Interest rates are expected to be gradually cut over the coming years, stimulating demand from downstream construction markets. In tandem, the selling price of lumber is expected to climb, though it will not likely see the rampant inflation of recent years. Demand for housing construction in Canada demand is also set to remain strong into the near future. Consequently, industry revenue is forecast to expand at a CAGR of 1.4% to $15.6 billion over the five years through 2030.

The price of millwork in the United States continued its growth-trend in 2021, peaking at nearly 319. In contras, the previous year that index value was at over 274. This value of index was set at 100 in 1982. In contrast, the price of softwood lumber in the United States has fluctuated much more in the past years.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber was 287.96100 Index 1982=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber reached a record high of 581.50000 in May of 2021 and a record low of 19.80000 in January of 1947. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber - last updated from the United States Federal Reserve on July of 2025.

United States - Import Price Index (End Use): Lumber was 104.80000 Index 2000=100 in April of 2025, according to the United States Federal Reserve. Historically, United States - Import Price Index (End Use): Lumber reached a record high of 584.10000 in June of 2021 and a record low of 50.80000 in March of 1982. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Import Price Index (End Use): Lumber - last updated from the United States Federal Reserve on June of 2025.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Plywood was 273.24300 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Plywood reached a record high of 471.30000 in June of 2021 and a record low of 42.00000 in November of 1966. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Lumber and Wood Products: Plywood - last updated from the United States Federal Reserve on June of 2025.

Explore how market fluctuations, such as supply chain constraints and global events, impact lumber prices and companies like Builders FirstSource. Understand the 2020-2021 pandemic effects and the strategic responses by industry leaders to maintain competitive operations.

Explore the fluctuating costs of 2x4 lumber influenced by supply chain challenges, market demand, and economic factors, with prices peaking during COVID-19 and stabilizing post-2021. Discover how seasonality affects pricing and tips for sourcing affordable options.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber was 263.98400 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber reached a record high of 565.70000 in May of 2021 and a record low of 57.10000 in January of 1975. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber - last updated from the United States Federal Reserve on July of 2025.

The annual price growth rate of hardwood lumber in the United States fluctuated significantly between 1970 and 2024. During that time, the highest increase was observed in 2021 when hardwood lumber prices increased by **** percent. The producer prices for hardwood lumber fell by ** percent in 1975.

Canada IPPI: NAPCS: Lumber & Other Wood Products (LP) data was reported at 138.800 Jan2020=100 in Mar 2025. This records an increase from the previous number of 134.600 Jan2020=100 for Feb 2025. Canada IPPI: NAPCS: Lumber & Other Wood Products (LP) data is updated monthly, averaging 88.100 Jan2020=100 from Jan 1981 (Median) to Mar 2025, with 531 observations. The data reached an all-time high of 230.500 Jan2020=100 in May 2021 and a record low of 48.200 Jan2020=100 in Nov 1981. Canada IPPI: NAPCS: Lumber & Other Wood Products (LP) data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I010: Industrial Product Price Index: NAPCS 2017: Jan2020=100.

Global wood pellet imports spiked by +9.2% y-o-y to $4.5B, reaching the highest point ever. The UK remains the largest wood pellet importer, accounting for 35% of the total global imports. Among leading importers, the Netherlands saw the most prominent growth of supplied volume last year. The average import price for wood pellets grew by +4.3% y-o-y in 2020. The U.S., Vietnam, Canada, Latvia, Russia and Denmark constitute the prime exporters of wood pellets worldwide.

United States Import Price Index: IS: SB: LO: Lumber & Wood data was reported at 250.200 2000=100 in Nov 2021. This records an increase from the previous number of 239.200 2000=100 for Oct 2021. United States Import Price Index: IS: SB: LO: Lumber & Wood data is updated monthly, averaging 112.900 2000=100 from Dec 1980 (Median) to Nov 2021, with 388 observations. The data reached an all-time high of 584.100 2000=100 in Jun 2021 and a record low of 50.800 2000=100 in Mar 1982. United States Import Price Index: IS: SB: LO: Lumber & Wood data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.JA234: Import Price Index: by End Use: 2000=100.

Brazil Exports: Price: Other Products: Wood Waste or Sawdust or Scrap data was reported at 167.807 USD/Ton in 30 Apr 2025. This records an increase from the previous number of 167.139 USD/Ton for 27 Apr 2025. Brazil Exports: Price: Other Products: Wood Waste or Sawdust or Scrap data is updated daily, averaging 158.411 USD/Ton from Mar 2019 (Median) to 30 Apr 2025, with 263 observations. The data reached an all-time high of 274.960 USD/Ton in 15 Jan 2023 and a record low of 0.829 USD/Ton in 08 Aug 2021. Brazil Exports: Price: Other Products: Wood Waste or Sawdust or Scrap data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA004: Exports: Economic Activity: Product: Price.