Lumber fell to 610.64 USD/1000 board feet on June 23, 2025, down 0.87% from the previous day. Over the past month, Lumber's price has risen 2.88%, and is up 33.32% 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 June 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.

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.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: All Other Miscellaneous Wood Products (WPS084909) from Jan 1996 to May 2025 about miscellaneous, wood, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Index of Wholesale Prices of Lumber for United States (M0464AUSM336NNBR) from Jan 1913 to Dec 1951 about wood, wholesale, price index, indexes, price, and USA.

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.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: All Other Miscellaneous Wood Products (WPU08490901) from Jun 1984 to May 2025 about miscellaneous, wood, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber was 279.04900 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber reached a record high of 316.10800 in May of 2022 and a record low of 24.30000 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: Hardwood Lumber - last updated from the United States Federal Reserve on June of 2025.

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 May of 2025.

Get the latest insights on price movement and trend analysis of Softwood Lumber meal in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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%.

The lumber industry has experienced significant volatility in recent years, with fluctuating prices impacting both the market and wider economy. During the pandemic, a housing boom driven by low interest rates and increased disposable income led to a surge in demand for lumber, significantly boosting mill revenues. However, prices later tumbled, affecting revenue as higher interest rates cooled the housing market and reduced demand for construction. Lumber production and shipments experienced declines, and the industry faced operating losses due to decreased demand. Looking ahead, prices are expected to rise due to tariffs on Canadian lumber imports and previous supply shortages, although high mortgage rates may still dampen demand. The ongoing trade dispute between Canada and the U.S. has resulted in increased tariffs, impacting Canadian producers who supply softwood lumber to the US market. Industry revenue is expected to rise at a CAGR of 2.6% to $51.6 billion through the end of 2025, with 2.0% growth forecast for the current year. Industry profit is expected to recover alongside rising lumber prices this year as well. The US housing market plays a crucial role in the lumber industry by driving demand for wooden materials used in construction and renovation. Despite past challenges with high interest rates and elevated home prices hurting residential investments and reducing lumber demand, there is optimism that the recent Federal Reserve rate will eventually translate to lower mortgage rates, potentially rejuvenating the housing market and building material demand. Even with these promising signs, a significant affordability barrier remains as home prices continue to overshadow median incomes, discouraging many first-time buyers and thus impeding growth in the housing market, impacting lumber demand negatively. The industry is also dealing with profitability challenges due to high costs and declining lumber prices, which have led to sawmill closures and under-utilization of capacities, emphasizing the importance of operational efficiency. As a response, the industry is likely to see consolidation within domestic mill operations to maintain profitability amid market fluctuations. A notable development in the sector is the growth of the cross-laminated timber (CLT) specialist subsector, which promises a boom, supported by innovations in fire retardant technology and approvals for new timber certifications, like eastern hemlock trees, broadening opportunities for sustainable construction. Revenue is expected to increase at a CAGR of 1.6% to $55.9 billion through the end of 2030.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber, Made from Purchased Lumber was 270.48400 Index Dec 2003=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber, Made from Purchased Lumber reached a record high of 334.29300 in March of 2022 and a record low of 100.00000 in December of 2003. 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, Made from Purchased Lumber - last updated from the United States Federal Reserve on June of 2025.

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.

The annual price growth rate of hardwood lumber in the United States fluctuated significantly between 1970 and 2024. During that time, the highest increase was observed in 2021 when hardwood lumber prices increased by 34.9 percent. The producer prices for hardwood lumber fell by 15 percent in 1975.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber was 263.98400 Index 1982=100 in May 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 June of 2025.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Cut Stock and Dimension (WPU08120311) from Jun 1984 to May 2025 about floor coverings, stocks, wood, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Flooring, Other Than Oak and Maple was 148.43700 Index Dec 2011=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Flooring, Other Than Oak and Maple reached a record high of 153.88900 in March of 2023 and a record low of 99.60000 in February 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: Hardwood Flooring, Other Than Oak and Maple - last updated from the United States Federal Reserve on June of 2025.

The industry has faced global lumber price volatility, creating challenging conditions for wholesalers and downstream clients like construction contractors, home improvement stores and hardware stores. In 2021 and 2022, the price of lumber soared globally as demand for new construction soared, especially in the United States. While exports and imports are not tracked at a wholesale level, many companies do sell across the border; as a result, conditions in the United States affect revenue. However, construction activity has since slowed, tempering demand from downstream markets. With industry revenue forecast to decline 0.2% in 2024 alone, the overall industry is expected to expand at a CAGR of 1.8% to $15.6 billion over the five years to 2024. The fate of wholesalers has largely been tied to the volatility of downstream construction markets. The COVID-19 pandemic supercharged demand, especially as the Federal Reserve lowered interest rates to stimulate the housing market in the United States. However, construction activity has since been pressured as the Federal Reserve and the Bank of Canada have raised interest rates to combat inflation, contributing to the sharp decline in lumber prices. In 2024, the Bank of Canada began to cut rates, and the Federal Reserve is set to follow suit. Cumulatively, volatile lumber demand, seesawing prices and the imposition of duties have driven down profit margins across the industry. Lumber wholesalers are expected to see growth moving forward. Currently heightened interest rates are expected to be gradually cut over the coming years, stimulating demand from downstream construction markets. In tandem, the selling price of lumber is expected to climb, though it will not likely see the rampant inflation of recent years. Consequently, industry revenue is forecast to expand at a CAGR of 2.1% to $17.3 billion over the five years to 2029.

United States - Producer Price Index by Industry: Sawmills: Softwood Lumber, Made in Sawmills was 142.61500 Index Dec 2003=100 in April 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 June of 2025.