Lumber rose to 618.51 USD/1000 board feet on August 15, 2025, up 0.98% from the previous day. Over the past month, Lumber's price has fallen 5.64%, but it is still 16.90% 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 August 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.

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%.

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 100.30000 Index 2000=100 in May 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 July of 2025.

United States - Producer Price Index by Industry: Sawmills: Hardwood Lumber, Made in Sawmills was 104.98000 Index Dec 2003=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Sawmills: Hardwood Lumber, Made in Sawmills reached a record high of 154.20700 in October of 2021 and a record low of 80.60000 in April of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Sawmills: Hardwood Lumber, Made in Sawmills - last updated from the United States Federal Reserve on August of 2025.

Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in the first half of 2025 in comparison to the previous year. The growth rate of the cost of several construction materials was slightly lower than in late 2024. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to these trends in the U.S., at that time the price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.

Bolivia GDP: Manufacturing: Wood & Wood Products data was reported at 1,425,346.000 BOB th in 2022. This records an increase from the previous number of 1,377,140.000 BOB th for 2021. Bolivia GDP: Manufacturing: Wood & Wood Products data is updated yearly, averaging 555,679.000 BOB th from Dec 1988 (Median) to 2022, with 35 observations. The data reached an all-time high of 1,465,301.000 BOB th in 2018 and a record low of 112,203.000 BOB th in 1989. Bolivia GDP: Manufacturing: Wood & Wood Products data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.A005: GDP: by Industry: Current Price: 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.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber was 269.23300 Index 1982=100 in June 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 August of 2025.

Sweden Private Inventory: GS: MT: MM: MGS: Wood and Products of Wood, Cork, Cane & Others excl Furniture (WC) data was reported at -32,381.000 SEK th in Dec 2024. This records an increase from the previous number of -57,784.000 SEK th for Sep 2024. Sweden Private Inventory: GS: MT: MM: MGS: Wood and Products of Wood, Cork, Cane & Others excl Furniture (WC) data is updated quarterly, averaging -32,381.000 SEK th from Jun 2021 (Median) to Dec 2024, with 15 observations. The data reached an all-time high of 60,325.000 SEK th in Mar 2023 and a record low of -186,385.000 SEK th in Jun 2021. Sweden Private Inventory: GS: MT: MM: MGS: Wood and Products of Wood, Cork, Cane & Others excl Furniture (WC) data remains active status in CEIC and is reported by Statistics Sweden. The data is categorized under Global Database’s Sweden – Table SE.C022: Private Inventory: NACE Rev. 2: Current Price.

United States - Producer Price Index by Commodity: Special Indexes: Lumber and Plywood was 271.09300 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Special Indexes: Lumber and Plywood reached a record high of 453.40000 in May of 2021 and a record low of 33.50000 in January of 1967. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Special Indexes: Lumber and Plywood - last updated from the United States Federal Reserve on July of 2025.

Between 2022 and 2025, the construction price of residential and non-residential buildings in Canada has grown at the same pace. The price of both types of buildings was roughly ***** percent higher in the last quarter of 2025 than in 2024, which is the year when the index base was set at 100. Nevertheless, that only considers the cost of buildings in 15 selected metropolitan areas in Canada. Toronto was by far the metropolitan region with the highest construction costs in Canada.

What determines construction costs? The growth rate of the construction price of different types of buildings tends to follow similar trends to some extent. For example, price growth rates in Canada for most types of buildings were more moderate in 2024 than in previous years. However, those figures show a lot of disparity, with the cost of building a high rise apartment building growing much faster than that of other types of buildings. This might be because the construction costs depend on elements such as the location, materials, and complexity of the building, which tend to be quite different for each type of building.

Lumber building materials in Canada In 2024, Canada was the world’s second-largest exporter of wood building materials such as veneer sheets, parquet flooring, particleboard, laminated wood, and builders’ joinery and carpentry. Forestry, logging, and processing wood into ready-to-use materials are important industries in the Canadian economy. High price growth rates of building materials impact negatively the construction industry as their activities become more expensive. However, the forestry and logging industry benefited from the cost of lumber rising in 2020 and 2021. In the past years, the price of lumber, however, has fallen again.

Netherlands GDP: Imports: GS: Wood & Paper Products & Printing data was reported at 3,312.000 EUR mn in Sep 2024. This records a decrease from the previous number of 3,408.000 EUR mn for Jun 2024. Netherlands GDP: Imports: GS: Wood & Paper Products & Printing data is updated quarterly, averaging 3,596.000 EUR mn from Mar 2021 (Median) to Sep 2024, with 15 observations. The data reached an all-time high of 4,143.000 EUR mn in Jun 2022 and a record low of 3,086.000 EUR mn in Mar 2021. Netherlands GDP: Imports: GS: Wood & Paper Products & Printing data remains active status in CEIC and is reported by Statistics Netherlands. The data is categorized under Global Database’s Netherlands – Table NL.A058: ESA 2010: GDP: Exports and Imports of Goods and Services: Current Price: Base 2021.

Sweden Business Inventory: RC: MT: MM: Mfg: Wood and Products of Wood, Cork, Cane & Others excl Furniture (WC) data was reported at -193,653.000 SEK th in Dec 2023. This records a decrease from the previous number of -110,413.000 SEK th for Sep 2023. Sweden Business Inventory: RC: MT: MM: Mfg: Wood and Products of Wood, Cork, Cane & Others excl Furniture (WC) data is updated quarterly, averaging -137,107.000 SEK th from Jun 2021 (Median) to Dec 2023, with 11 observations. The data reached an all-time high of 356,112.000 SEK th in Dec 2021 and a record low of -561,593.000 SEK th in Jun 2022. Sweden Business Inventory: RC: MT: MM: Mfg: Wood and Products of Wood, Cork, Cane & Others excl Furniture (WC) data remains active status in CEIC and is reported by Statistics Sweden. The data is categorized under Global Database’s Sweden – Table SE.C023: Business Inventory: NACE Rev. 2: Current Price (Discontinued).

United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Dressed Lumber, Less Than 2 Inches in Nominal Thickness, Not Edge Worked was 158.78500 Index Jun 2012=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Dressed Lumber, Less Than 2 Inches in Nominal Thickness, Not Edge Worked reached a record high of 268.20000 in June of 2021 and a record low of 88.20000 in September of 2012. 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 Dressed Lumber, Less Than 2 Inches in Nominal Thickness, Not Edge Worked - last updated from the United States Federal Reserve on August of 2025.

Netherlands GDP: Exports: GS: Wood & Paper Products & Printing data was reported at 2,599.000 EUR mn in Dec 2024. This records an increase from the previous number of 2,382.000 EUR mn for Sep 2024. Netherlands GDP: Exports: GS: Wood & Paper Products & Printing data is updated quarterly, averaging 2,590.000 EUR mn from Mar 2021 (Median) to Dec 2024, with 16 observations. The data reached an all-time high of 3,055.000 EUR mn in Jun 2022 and a record low of 2,268.000 EUR mn in Sep 2023. Netherlands GDP: Exports: GS: Wood & Paper Products & Printing data remains active status in CEIC and is reported by Statistics Netherlands. The data is categorized under Global Database’s Netherlands – Table NL.A058: ESA 2010: GDP: Exports and Imports of Goods and Services: Current Price: Base 2021.