Lumber increased 124.05 USD/1000 board feet or 22.55% since the beginning of 2025, 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 March 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 lumbe 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 1,670 U.S. dollars. Yet, after reaching this peak the price then fell to below 500 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 576 U.S. dollars as of January 29, 2025.

Non-seasonal prices paid for softwood lumber in the United States have remained relatively stable in 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 yar. 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: Plywood was 268.83300 Index 1982=100 in January 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 March of 2025.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Lumber (WPU081) from Jan 1926 to Feb 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

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 122.20300 Index Jun 2012=100 in January 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 March of 2025.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Cut Stock and Dimension was 237.32500 Index 1982=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Cut Stock and Dimension reached a record high of 455.10000 in May of 2021 and a record low of 124.30000 in May of 1991. 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 Cut Stock and Dimension - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Plywood (WPU083) from Jan 1947 to Jan 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

This statistic shows the forestry product producer price index in China from the fourth quarter of 2021 to the fourth quarter of 2024. During the fourth quarter of 2024, the index ranged at around 104.5 points (same quarter of previous year = 100).

United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Veneer and Plywood was 408.27100 Index 1982=100 in March of 2022, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Veneer and Plywood reached a record high of 548.60000 in June of 2021 and a record low of 94.90000 in March of 1982. 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 Veneer and Plywood - last updated from the United States Federal Reserve on March of 2025.

The cost of manufacturing softwood veneer and plywood has fluctuated significantly during the past years in the United States, with its index value falling to 301.5 in August 2024. The price of this product peaked in June 2021 at 702.5, only to fall to 302 in September of that year. 1982 is the date used as a reference point, in which the index value was fixed at 100.

Throughout the timeline, hard sawn wood has had higher prices than any other type of timber. In 2023, its price amounted to 678 U.S. dollars per cubic meter, which is twice higher than that of hard timber logs. During that period, hard logs were the cheapest type of timber at approximately 212 U.S. dollars per cubic meter. Meanwhile, lumber prices in the U.S. have fluctuated a lot since February 2020.

Spain ES: PPI: Mfg: Wood & Wood Product (WW) data was reported at 120.100 2021=100 in Dec 2024. This records an increase from the previous number of 120.000 2021=100 for Nov 2024. Spain ES: PPI: Mfg: Wood & Wood Product (WW) data is updated monthly, averaging 88.600 2021=100 from Jan 2000 (Median) to Dec 2024, with 300 observations. The data reached an all-time high of 125.000 2021=100 in Feb 2023 and a record low of 70.300 2021=100 in Jan 2000. Spain ES: PPI: Mfg: Wood & Wood Product (WW) data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Spain – Table ES.Eurostat: Producer Price Index: 2021=100.

United States - Producer Price Index by Industry: Sawmills: Softwood Lumber, Made in Sawmills was 135.36100 Index Dec 2003=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Sawmills: Softwood Lumber, Made in Sawmills reached a record high of 328.40000 in May of 2021 and a record low of 67.80000 in May 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: Softwood Lumber, Made in Sawmills - last updated from the United States Federal Reserve on March of 2025.

Canada IPPI: NAPCS: Lumber & Other Wood Products (LP) data was reported at 136.700 Jan2020=100 in Jan 2025. This records a decrease from the previous number of 136.800 Jan2020=100 for Dec 2024. Canada IPPI: NAPCS: Lumber & Other Wood Products (LP) data is updated monthly, averaging 88.100 Jan2020=100 from Jan 1981 (Median) to Jan 2025, with 529 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.

Timber prices in the United Kingdom fell in 2023, after having risen at a fast pace in 2021 and 2022. The price index of imported sawn or planed wood grew from 132 in 2020 to 195.6 in 2022. Meanwhile, the cost of imported plywood have increased less sharply, and therefore also had a smaller fall.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Veneer, Including Veneer Backed with Paper, Cloth, or Other Flexible Material was 123.87100 Index Dec 2007=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Veneer, Including Veneer Backed with Paper, Cloth, or Other Flexible Material reached a record high of 217.16000 in July of 2021 and a record low of 97.00000 in January 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 Veneer, Including Veneer Backed with Paper, Cloth, or Other Flexible Material - last updated from the United States Federal Reserve on March of 2025.

Building materials made of copper had some of the highest price growth rates in the U.S. in December 2024 in comparison to the previous year. The growth rate of the cost of many construction materials was much lower than in 2023. 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 the inflation trends in the U.S. at that time, the price growth rate of construction materials in the UK were generally lower 2023 than in 2022. Nevertheless, the cost of some construction materials in the UK still soared that year, with several of those items reaching price growth rates of over 10 or even of over 14 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.