Graph and download economic data for Wood Products: Energy Costs (MPU5000641) from 1987 to 2023 about cost, wood, energy, durable goods, production, goods, manufacturing, and USA.

United States - Wood Products: Cost of Materials was 46.32500 Bil. of Current $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Wood Products: Cost of Materials reached a record high of 67.39300 in January of 2022 and a record low of 21.59800 in January of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Wood Products: Cost of Materials - last updated from the United States Federal Reserve on December of 2025.

Lumber fell to 537 USD/1000 board feet on December 1, 2025, down 1.29% from the previous day. Over the past month, Lumber's price has fallen 1.47%, and is down 9.54% compared to the same time last year, 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 December of 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.

Discover the factors that influence wood flooring costs, ranging from $6 to $25 per square foot, based on material, type of wood, installation, and additional considerations like maintenance. Learn how choices like oak, maple, exotic woods, and installation methods impact your budget, ensuring a cost-effective investment in beautiful, durable flooring.

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.

Cost comparison table showing 2023 and 2024 median costs by location

Graph and download economic data for Wood Products: Services Costs (MPU5000661) from 1987 to 2023 about cost, wood, purchase, durable goods, production, goods, services, manufacturing, and USA.

Throughout the timeline, hard sawn wood has had higher prices than any other type of timber. In 2024, its price amounted to ****** U.S. dollars per cubic meter, which is twice higher than that of hard timber logs. During that period, soft logs were the cheapest type of timber at approximately ****** U.S. dollars per cubic meter. Meanwhile, lumber prices in the U.S. fluctuated a lot between 2020 and 2022.

Cost comparison table showing 2023 and 2024 median costs by location

Average local move cost table by home size, movers, and hours.

Iran Export Price Index: Wood & Articles of Wood data was reported at 839.900 Apr1997-Mar1998=100 in 2009. This records an increase from the previous number of 630.900 Apr1997-Mar1998=100 for 2008. Iran Export Price Index: Wood & Articles of Wood data is updated yearly, averaging 239.400 Apr1997-Mar1998=100 from Mar 1998 (Median) to 2009, with 12 observations. The data reached an all-time high of 839.900 Apr1997-Mar1998=100 in 2009 and a record low of 100.000 Apr1997-Mar1998=100 in 1998. Iran Export Price Index: Wood & Articles of Wood data remains active status in CEIC and is reported by Central Bank of the Islamic Republic of Iran. The data is categorized under Global Database’s Iran – Table IR.I030: Export Price Index: April 97-March 98=100: Annual.

The price of wood saw record-high growth in 2021, contributing to industry expansion as demand surged from the booming housing market stimulated by historically low mortgage rates. The key materials in this industry—such as round or hewn wood products, rough and dressed softwood lumber and various types of veneer and plywood—are sensitive to price fluctuations, which directly impact industry revenue. Pandemic-induced supply chain disruptions further exacerbated the issue by limiting the wood supply, leading to unprecedented price increases and profit volatility. However, as mortgage rates climbed by more than double in the latter half of the current period, residential construction slowed, curbing demand for wood products and resulting in industry contraction when wood prices plummeted in 2023. As the industry looks toward 2024, revenue is anticipated to contract due to decreased housing market demand. Despite a rise in lumber prices throughout 2024, prices are expected to remain below 2023 levels, contributing to reduced industry revenue. This decline in lumber prices on an annual basis is linked to a drop in new housing starts and increased housing inventory within the US construction sector. Factors such as higher financing costs, elevated mortgage rates and shortages of both labor and land have contributed to the reduction in housing starts. Despite the projected 1.2% decline in 2024, revenue is projected to grow at a CAGR of 0.4% to reach $28.8 billion this year. Projected declines in mortgage rates are expected to stimulate residential construction, subsequently increasing demand for wood panels. Growth in the housing market will contribute to industry growth, which is anticipated to be in the low-single-digit range over the outlook period, in line with historical trends. This growth projection assumes stable prices for input materials, as any significant fluctuations could substantially impact revenue. Additionally, competition from imported goods is expected to decline due to a combination of factors, including exchange rates and tariffs on imports. Overall, industry revenue is projected to increase at a CAGR of 1.7% to reach $31.3 billion by 2029.

Cost comparison table showing 2023 and 2024 median costs by location

View monthly updates and historical trends for US Producer Price Index: Lumber and Wood Products. from United States. Source: Bureau of Labor Statistics. …

Explore the factors affecting wood flooring installation costs, from wood type and labor to additional expenses. Learn how these elements influence your budget, ensuring a beautiful home upgrade.

Saudi Arabia Construction Materials Price: Average: Wood: Chilian data was reported at 1,583.250 SAR/Cub m in Mar 2025. This records an increase from the previous number of 1,577.170 SAR/Cub m for Feb 2025. Saudi Arabia Construction Materials Price: Average: Wood: Chilian data is updated monthly, averaging 1,109.305 SAR/Cub m from Feb 2009 (Median) to Mar 2025, with 194 observations. The data reached an all-time high of 1,989.600 SAR/Cub m in May 2022 and a record low of 939.060 SAR/Cub m in Jul 2017. Saudi Arabia Construction Materials Price: Average: Wood: Chilian data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.EA006: Average Construction Materials Price.

Cost comparison table showing community type costs by location

Cost comparison table showing 2023 and 2024 median costs by location

Explore the benefits, costs, and sustainability of composite wood, a popular choice in construction and home improvements for its durability, eco-friendliness, and low maintenance.