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.

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.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Lumber (WPS081) from Jan 1967 to Aug 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

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 November of 2025.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Cut Stock and Dimension was 265.25200 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 Cut Stock and Dimension reached a record high of 495.90000 in May of 2021 and a record low of 128.00000 in January of 1987. 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 November 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.

Austria Wholesale Price Index: 2020=100: Others: Wood and Wood Products data was reported at 130.500 2020=100 in Mar 2025. This records an increase from the previous number of 129.800 2020=100 for Feb 2025. Austria Wholesale Price Index: 2020=100: Others: Wood and Wood Products data is updated monthly, averaging 128.700 2020=100 from Jan 2021 (Median) to Mar 2025, with 51 observations. The data reached an all-time high of 146.100 2020=100 in Jun 2022 and a record low of 103.900 2020=100 in Jan 2021. Austria Wholesale Price Index: 2020=100: Others: Wood and Wood Products data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.I020: Wholesale Price Index: 2020=100.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Veneer, Including Veneer Backed with Paper, Cloth, or Other Flexible Material was 125.52600 Index Dec 2007=100 in August 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 November of 2025.

According to Cognitive Market Research, the Residential Construction Market Size was USD XX Million in 2024 and is set to achieve a market size of USD XX Million by the end of 2033, growing at a CAGR of XX% from 2025 to 2033.

Asia-Pacific held largest share of xx% in the year 2024 
Europe held share of xx% in the year 2024 
North America held significant share of xx% in the year 2024 
South America held significant share of xx% in the year 2024
Middle East and Africa held significant share of xx% in the year 2024 

MARKET DYNAMICS: Residential Construction Market

KEY DRIVERS

The increasing global population is driving the need for the residential construction market.

The worldwide population has been consistently rising and is expected to keep expanding over the upcoming years. As per the United Nations, the global population is projected to hit 8 billion in 2024 and is projected to reach a maximum of approximately 10 billion. The effects of this population increase are substantial, influencing multiple sectors such as housing and healthcare. With the rise in population, there is a related increase in the demand for residential housing, requiring careful planning and resource distribution to meet the escalating needs. To meet the demand, both government entities and private sector firms are elevating their construction activities. Governments in various nations, like India, are also focusing on the advancement of rural regions. These are the main factors that have been driving the expansion of the residential construction market. Moreover, the younger population is prevalent in the age demographics of emerging markets like India, Japan, and China. The younger generation is more drawn to newly designed homes than to older buildings. The need for increased living space during and following the coronavirus pandemic resulted in heightened demand for housing, with a significant flow of new immigrants driving household formation. This is yet another element that fuels the expansion of the residential building sector. Thus, the rising global population is fuelling the demand for the residential construction sector.

(Source:https://population.un.org/wpp/assets/Files/WPP2024_Summary-of-Results.pdf

https://www.cbo.gov/publication/60727)

Restraints

Volatility of raw material prices, such as steel, concrete, is hindering the growth of the residential construction market.

The expansion of the residential building market is increasingly hindered by fluctuations in raw material costs, especially for crucial materials like aluminium, steel, concrete, and softwood lumber. With the increasing prices of these construction materials, housing affordability suffers, creating greater difficulties for both developers and homebuyers.

This increase in prices is mainly influenced by the fundamental economic concept of supply and demand. In peak construction periods, the demand for building supplies increases significantly, yet availability frequently stays limited because of worldwide shortages and disruptions. These constraints inherently drive prices upward, worsening the problem. Adding to the issue are uncertainties in the production process and erratic timelines for material arrivals, which hinder builders from finishing projects on time. Widespread inflationary pressures in the overall economy further increase expenses, as the overall increase in prices for products and services inevitably affects construction materials.

Furthermore, numerous raw materials employed in home construction are commodities traded worldwide. This makes the market more vulnerable to additional volatility resulting from geopolitical conflicts, trade disagreements, and alterations in global trade regulations, all of which can interfere with supply chains and cause price surges. As reported by the Associated Builders and Contractors, construction material prices increased by 1.3% in January 2023 alone. This figure is not only 1.3% above December 2022, but it also indicates a 4.9% rise from the prior year. Even though this is the least annual rise since January 2021, it highlights the ongoing upward trend in material expenses.

In conclusion, the fluctuations in raw material prices caused by supply-demand disparities, inflation, and global market disturbances are greatly obstructing the expansion of the residential construction sector by increasing expenses ...

The Europe Wood Burning Stove Market size was valued at USD 3.5 Billion in 2024 and is projected to reach USD 6.38 Billion by 2032, growing at a CAGR of 7.8% during the forecast period. i.e., 2026-2032.Household electricity prices are remaining at elevated levels across Europe, driving consumers toward alternative heating solutions like wood-burning stoves to reduce energy expenses. In the first half of 2025, the average electricity price for households in the EU remained largely stable at €28.72 per 100 kWh, following a -0.5% decrease from €28.87 in the second half of 2024, although prices are still well above pre-2022 energy crisis levels. Moreover, between January 2021 and December 2024, the domestic producer price for energy in the EU went up by 80.3%. The consumers are seeking cost-effective heating methods as wood fuel offers economic advantages over fossil-fuel-based systems, particularly in rural areas with abundant local wood resources, making wood stoves an attractive investment for long-term heating cost reduction.

National Construction Cost Index: INCC-10: Materials, Equipment & Services: Materials & Equipment: Wood Material data was reported at 502.175 Jun1996=100 in Feb 2021. This records an increase from the previous number of 494.012 Jun1996=100 for Jan 2021. National Construction Cost Index: INCC-10: Materials, Equipment & Services: Materials & Equipment: Wood Material data is updated monthly, averaging 294.641 Jun1996=100 from Jun 1996 (Median) to Feb 2021, with 297 observations. The data reached an all-time high of 502.175 Jun1996=100 in Feb 2021 and a record low of 100.000 Jun1996=100 in Jun 1996. National Construction Cost Index: INCC-10: Materials, Equipment & Services: Materials & Equipment: Wood Material data remains active status in CEIC and is reported by Getulio Vargas Foundation. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.FGV: National Construction Cost Index.

United States - Producer Price Index by Commodity: Special Indexes: Lumber and Plywood was 267.30900 Index 1982=100 in August 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 November of 2025.

According to Cognitive Market Research, the global commercial carpentry market size and will expand at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.

The demand for Commercial Carpentry is rising due to construction trends, sustainability efforts, technological progress, and the continuous demand for unique and visually appealing interiors in commercial spaces.
Demand for professional-grade remains higher in the Commercial Carpentry market.
The construction & decoration category held the highest Commercial Carpentry market revenue share in 2023.
North American Carpentry market will continue to lead, whereas the Asia Pacific Commercial Carpentry market will experience the most substantial growth until 2030.

Surge in Commercial Construction Projects to Provide Viable Market Output

The Commercial Carpentry market is driven by a surge in commercial construction projects worldwide. As urbanization and population growth persist, the demand for commercial spaces such as offices, retail establishments, and hospitality venues has increased. This trend propels the need for specialized carpentry services to create functional and aesthetically pleasing interiors. The growing number of commercial real estate developments, including renovations and expansions, acts as a key driver for carpentry services, stimulating market growth.

In July 2021, Modulaire Group, a worldwide supplier of modular spaces and business areas, purchased Procomm Site Service Ltd., a company that offers portable, modular accommodation in Europe. This acquisition enables Modulaire Group to enhance its market position in Europe.

(Source:www.modulairegroup.com/news/modulaire-group-continues-strengthen-its-presence-uk-acquisition-procomm)

Focus on Sustainable and Innovative Carpentry Solutions to Propel Market Growth

Another pivotal driver in the Commercial Carpentry market is the industry's increasing emphasis on sustainable and innovative solutions. With rising awareness of environmental impact and a growing preference for eco-friendly practices, carpentry services are evolving to incorporate sustainable materials, energy-efficient designs, and innovative construction techniques. Companies in the market are aligning themselves with green building standards and certifications, catering to a market segment that values environmentally conscious practices. This shift not only meets regulatory requirements but also appeals to clients seeking modern and sustainable carpentry solutions.

In January 2021 Etex Group revealed that it had obtained a controlling interest in e-Loft. The French offsite construction firm specializes in three modular sectors: single-family modular homes, modular multifamily residential complexes, and custom-designed buildings utilizing 3D wood technology. The acquisition is anticipated to enhance Etex Group's modular construction operations.

(Source:www.etexgroup.com/en/news/106224/)

Increasing demand for modern and unique furniture will drive market demand

Market Dynamics of Commercial Carpentry

Cost Fluctuations in Raw Materials to Restrict Market Growth

The significant restraint is the volatility in raw material costs. The commercial carpentry industry heavily relies on materials such as lumber, plywood, and other wood products. Fluctuations in the prices of these raw materials can significantly impact profit margins for carpentry businesses. Economic uncertainties, changes in global supply chains, and environmental factors affecting wood production contribute to this challenge. Carpenters and construction firms must navigate these unpredictable costs, making it challenging to maintain stable pricing and profitability.

Impact of COVID–19 on the Commercial Carpentry Market

The COVID-19 pandemic significantly impacted the commercial carpentry market, causing disruptions in supply chains, project delays, and shifts in consumer behavior. Lockdowns and restrictions on construction activities during the early stages of the pandemic led to project postponements and a decline in new construction projects. The economic uncertainties prompted businesses to reassess their budgets, resulting in a cautious approach to capital expenditures, affecting demand for commercial carpentry services. However, as the industry adapted to new safety protocols and remote working practices, there was a gradual recovery. Introduction of Commercial Ca...

Lumber Liquidators reported $0 in Trade Debtors for its fiscal quarter ending in December of 2021. Data for Lumber Liquidators | LL - Trade Debtors including historical, tables and charts were last updated by Trading Economics this last December in 2025.

Brazil Broad Producer Price Index: IPA-OG-M: Industrial Products: Mfg Industry: Unfolded Wood & Wood Products data was reported at 219.391 Dec2007=100 in Jan 2021. This records an increase from the previous number of 216.127 Dec2007=100 for Dec 2020. Brazil Broad Producer Price Index: IPA-OG-M: Industrial Products: Mfg Industry: Unfolded Wood & Wood Products data is updated monthly, averaging 108.006 Dec2007=100 from Dec 1996 (Median) to Jan 2021, with 290 observations. The data reached an all-time high of 219.391 Dec2007=100 in Jan 2021 and a record low of 37.014 Dec2007=100 in Jan 1997. Brazil Broad Producer Price Index: IPA-OG-M: Industrial Products: Mfg Industry: Unfolded Wood & Wood Products data remains active status in CEIC and is reported by Getulio Vargas Foundation. The data is categorized under Brazil Premium Database’s Inflation – Table BR.FGV: Broad Producer Price Index: by Origin.

Brazil National Construction Cost Index: INCC-DI: Materials, Equipment & Services: Materials & Equipment: Wood Material data was reported at 494.105 Jun1996=100 in Jan 2021. This records an increase from the previous number of 490.326 Jun1996=100 for Dec 2020. Brazil National Construction Cost Index: INCC-DI: Materials, Equipment & Services: Materials & Equipment: Wood Material data is updated monthly, averaging 292.644 Jun1996=100 from Jun 1996 (Median) to Jan 2021, with 296 observations. The data reached an all-time high of 494.105 Jun1996=100 in Jan 2021 and a record low of 99.931 Jun1996=100 in Oct 1996. Brazil National Construction Cost Index: INCC-DI: Materials, Equipment & Services: Materials & Equipment: Wood Material data remains active status in CEIC and is reported by Getulio Vargas Foundation. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.FGV: National Construction Cost Index.

Housing Inventory: Median Listing Price Year-Over-Year in Wood County, WV was 5.31% in October of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price Year-Over-Year in Wood County, WV reached a record high of 29.54 in January of 2024 and a record low of -6.09 in December of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price Year-Over-Year in Wood County, WV - last updated from the United States Federal Reserve on November of 2025.

Norway PPI: NACE 2: DE: Wood and Wood Products data was reported at 123.300 2021=100 in Feb 2025. This records an increase from the previous number of 122.700 2021=100 for Jan 2025. Norway PPI: NACE 2: DE: Wood and Wood Products data is updated monthly, averaging 66.700 2021=100 from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 123.300 2021=100 in Feb 2025 and a record low of 50.900 2021=100 in Jul 2002. Norway PPI: NACE 2: DE: Wood and Wood Products data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.I016: Producer Price Index: Industry: 2021=100.

Market Hotness: Median Listing Price in Wood County, WV was 5.31276 % Chg. from Yr. Ago in October of 2025, according to the United States Federal Reserve. Historically, Market Hotness: Median Listing Price in Wood County, WV reached a record high of 29.53586 in January of 2024 and a record low of -6.09276 in December of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Market Hotness: Median Listing Price in Wood County, WV - last updated from the United States Federal Reserve on December of 2025.