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 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.

Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Wood County, WI was -1.71% in September of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Wood County, WI reached a record high of 11.23 in June of 2022 and a record low of -8.66 in June of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Wood County, WI - last updated from the United States Federal Reserve on October of 2025.

The Latin American prefabricated wood building market is experiencing robust growth, fueled by a compound annual growth rate (CAGR) exceeding 4.50% from 2019 to 2033. This expansion is driven by several key factors. Increasing urbanization and a burgeoning middle class are boosting demand for affordable and sustainable housing solutions. Prefabricated wood buildings offer a quicker construction time compared to traditional methods, reducing project costs and timelines, a significant advantage in rapidly developing economies. Furthermore, the inherent sustainability of wood as a building material aligns with growing environmental concerns and government initiatives promoting green building practices. While a lack of skilled labor in some regions and potential supply chain challenges might pose restraints, the overall market trajectory remains positive. The market is segmented by application (residential, commercial, industrial) and geography (Brazil, Mexico, Argentina, Colombia, Chile, and the Rest of Latin America). Brazil, Mexico, and Argentina are expected to dominate the market due to their larger populations and significant infrastructure development. Key players like Green Magic Homes, VMD, and Modulbox are actively shaping the market through innovation and expanding their reach across the region. The rising adoption of modular construction techniques and technological advancements in prefabrication are further catalysts for market growth. While precise market sizing data is not fully provided, the substantial growth projection suggests significant market potential for investors and businesses entering this sector. The residential segment currently holds the largest market share, but the commercial and industrial sectors are predicted to experience accelerated growth driven by the efficiency and cost-effectiveness of prefabricated solutions for various types of commercial and industrial structures. The market's growth trajectory is expected to be influenced by several factors beyond the core drivers. Government policies supporting sustainable development and affordable housing will significantly impact market adoption. Technological advancements in wood processing and construction techniques, leading to improved design and efficiency, will also play a key role. Competition among existing players and the emergence of new entrants will shape market dynamics. Addressing the challenges related to skilled labor shortages and supply chain management is crucial for sustainable and inclusive market growth across all regions within Latin America. The continued demand for eco-friendly and cost-effective building solutions suggests a sustained period of growth and expansion for the Latin American prefabricated wood building market. Recent developments include: September 2022: Featuring a distinctive design flare, the future of modular houses in North Texas just got better. HiFAB, the newest project by Oaxaca Interests, a Dallas-based company, announced on September 2022 that it will be constructing a new studio and manufacturing facility in the Grand Prairie area of Dallas-Fort Worth. A spokeswoman informed Dallas Innovates that the facility is now under construction and that it should be operational by the end of January. The manufacturing floor will be 42,500 square feet, and the property will also include an additional office building and supply chain storage structures. By March 31st, the first residences should be available., September 2022: Brazil's naturally ventilated schools are built by GOAA using prefabricated panels. A facility for the Pequeno Principe School has been constructed by the Brazilian architectural firm Gusmo Otero Arquitetos Associados utilizing concrete and prefabricated panels on the outskirts of Ribeiro Preto. The institution's campus, which serves students in elementary school through high school, was finished earlier this year. There are four primary buildings on the site, with a combined area of 9,300 square meters.. Notable trends are: Increase of Urbanization in Chile Driving the Market.

According to Cognitive Market Research, the global Cross Laminated Timber market size will be USD 1381.9 million in 2025. It will expand at a compound annual growth rate (CAGR) of 15.50% 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 511.30 million in 2025 and will grow at a compound annual growth rate (CAGR) of 13.3% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 400.75 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 331.66 million in 2025 and will grow at a compound annual growth rate (CAGR) of 17.5% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 52.51 million in 2025 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 55.28 million in 2025 and will grow at a compound annual growth rate (CAGR) of 14.8% 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 30.40 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2025 to 2033.
Residential Construction category is the fastest growing segment of the Cross Laminated Timber industry

Market Dynamics of Cross Laminated Timber Market

Key Drivers for Cross Laminated Timber Market

Rising Demand for Sustainable and Green Building Materials to Boost Market Growth

Cross-laminated timber (CLT) serves as a sustainable alternative to conventional construction materials such as concrete and steel, which are significantly more carbon-intensive. In 2024, India maintained its third-place position on the U.S. Green Building Council’s (USGBC) annual list of Top 10 Countries and Regions for LEED (Leadership in Energy and Environmental Design) certification. That year, India achieved LEED certification for 370 projects—including buildings and spaces—spanning approximately 8.5 million gross square meters (91.5 million square feet). China led the list with over 25 million gross square meters certified, followed by Canada with 10 million. CLT panels, made from renewable wood resources, also have the added benefit of carbon storage, making them highly appealing for environmentally conscious construction. As awareness around environmental sustainability continues to grow and governments push for carbon-neutral building practices, the demand for CLT is rising across both residential and commercial sectors.

https://www.gbci.org/india-retains-third-position-globally-leed-green-building-certification-2024//./

Increased Urbanization and Housing Demand to Boost Market Growth

With rising populations and rapid urbanization, there is an increasing demand for mid- to high-rise buildings in urban areas. Globally, a growing share of the population now resides in cities. In 2012, 52.5% of the world's population lived in urban areas, and this figure was projected to rise to 56.9% by 2022. Urbanization rates tend to be higher in developed regions—reaching 79.7% in 2022—compared to 52.3% in developing countries. In the least developed countries (LDCs), however, urban dwellers remain a minority, comprising only 35.8% of the population. Over the past decade, urbanization has been especially pronounced in developing regions, notably in Asia and Oceania, where the urban population increased from 44.0% in 2012 to 50.6% in 2022. In response to this trend, the demand for affordable, scalable housing in cities has grown significantly. Cross-laminated timber (CLT), with its ability to facilitate quick and efficient construction of multi-story residential and commercial buildings, is increasingly being adopted to meet this urban housing demand, thereby driving growth in the CLT market.

https://unctad.org/system/files/official-document/tdstat48_FS011_en.pdf./

Restraint Factor for the Cross Laminated Timber Market

High Production and Initial Installation Costs, Will Limit Market Growth

Compared to traditional construction materials such as concrete and steel, cross-laminated timber (CLT) panels often come at a higher cost. This is primarily due to the precision manufacturing involved, the need for specialized machinery, and the use o...