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.

Lumber fell to 612.13 USD/1000 board feet on July 3, 2025, down 0.47% from the previous day. Over the past month, Lumber's price has risen 3.47%, and is up 37.26% 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 July of 2025.

Interactive chart of historical daily lumber prices back to 1972. The price shown is in U.S. Dollars per thousand board feet.

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.

According to Cognitive Market Research, the global residential wood flooring market size will be USD 26851.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9935.17 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7787.02 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 644.43 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 1020.37 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 1074.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 590.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2025 to 2033.
Solid wood is the fastest growing segment of the residential wood flooring industry

Market Dynamics of Residential Wood Flooring Market

Key Drivers for Residential Wood Flooring Market

The market for wood flooring in residential is expanding significantly due to rising consumer demand for natural décor. Wood flooring’s genuine, organic aesthetics are becoming more and more popular among homeowners, and they go well with contemporary eco-friendly design trends. Additionally, wood’s warmth and resilience produce a classic, welcoming atmosphere that appeals to customers looking for eco-friendly, low-maintenance, and adaptable flooring options. Furthermore, a wider range of wood textures and finishes are now more readily available, which accommodates different design tastes and increases market appeal. It is anticipated that the trend toward natural interiors will increase demand and spur innovation in the wood flooring sector. For instance, in February 2024, Junckers and Murexin GmbH, a reputable brand in building chemical systems and solutions, partnered strategically. As a result of this partnership, Junckers’ professional surface products will now be distributed throughout the German market by Murexin. This collaboration will improve Junckers’ standing in Germany by bringing our superior goods and knowledge closer to those who appreciate robustness and fine craftsmanship. https://www.junckers.com/about/news/new-partnership-murexin-gmbh?PID=15711&M=NewsV2&Action=1

Technological Development to Boost Market Growth

The growth of the residential wood flooring market is being propelled by technological improvements that improve product quality and production efficiency. Durability, beauty, and environmental friendliness have all increased because of advancements in wood processing and finishing methods. Furthermore, modern digital printing technology makes it possible to create designs that are incredibly adjustable, satisfying changing customer demands for distinctive, organic interiors. Additionally, modern installation techniques shorten installation times and lower labor costs, increasing the accessibility of wood flooring. These advancements boost market competitiveness and broaden consumer options in a sector that is changing quickly, in addition to enhancing the overall functionality and aesthetics of wood flooring goods.

Restraint Factor for the Residential Wood Flooring Market

High Costs Will Limit Market Growth

One major factor impeding the growth of the residential wood flooring industry is its high cost. When compared to alternative flooring options like vinyl, laminate, or carpet, the initial cost for premium wood flooring, especially hardwood, can be high. Additionally, some customers are put off by the expenses of installation, upkeep, and repairs. Furthermore, despite its long-term durability, wood flooring can be prohibitively expensive, particularly in areas where consumers are on a tight budget. The market’s overall growth has slowed as a result of many residential choosi...

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.