In the fiscal year 2023, the price index of wood for building construction Japan's capital Tokyo stood at 138.6 index points. Timber prices declined from a decade high of 170.1 index points in the previous year.

Lumber fell to 690.67 USD/1000 board feet on July 31, 2025, down 0.12% from the previous day. Over the past month, Lumber's price has risen 11.49%, and is up 37.84% 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 August of 2025.

Argentina Construction Cost Index: Wood Carpentry data was reported at 120,995.300 1993=100 in Mar 2025. This records an increase from the previous number of 118,962.500 1993=100 for Feb 2025. Argentina Construction Cost Index: Wood Carpentry data is updated monthly, averaging 351.400 1993=100 from Jan 1996 (Median) to Mar 2025, with 351 observations. The data reached an all-time high of 120,995.300 1993=100 in Mar 2025 and a record low of 99.300 1993=100 in Dec 2001. Argentina Construction Cost Index: Wood Carpentry data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA008: Construction Cost Index: 1993=100.

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.

Saudi Arabia Construction Materials Price: Average: Wood: Chilian data was reported at 1,583.250 SAR/Cub m in Mar 2025. This records an increase from the previous number of 1,577.170 SAR/Cub m for Feb 2025. Saudi Arabia Construction Materials Price: Average: Wood: Chilian data is updated monthly, averaging 1,109.305 SAR/Cub m from Feb 2009 (Median) to Mar 2025, with 194 observations. The data reached an all-time high of 1,989.600 SAR/Cub m in May 2022 and a record low of 939.060 SAR/Cub m in Jul 2017. Saudi Arabia Construction Materials Price: Average: Wood: Chilian data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.EA006: Average Construction Materials Price.

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.

Explore the recent trends in construction lumber pricing affected by supply chain disruptions, demand changes, and economic shifts up to 2023. Learn about the impact of the pandemic, housing market dynamics, and trade policies on lumber costs, and how prices have stabilized post-pandemic. Stay informed about the factors influencing lumber prices and their implications for builders and developers.

Graph and download economic data for Unit Labor Costs for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States (IPUGN4233U101000000) from 1988 to 2024 about merchant, unit labor cost, wood, wholesale, materials, NAICS, trade, construction, and USA.

In 2024, the U.S. prefabricated wood building market decreased by -0.9% to $6.9B, falling for the second year in a row after three years of growth. Overall, consumption showed a resilient increase. Prefabricated wood building consumption peaked at $7.1B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

Graph and download economic data for Producer Price Index by Industry: Lumber and Other Construction Materials Merchant Wholesalers: Lumber and Other Construction Material Wholesaler Services (PCU4233004233001) from Feb 2009 to Jun 2025 about merchant, wood, wholesale, materials, construction, services, PPI, industry, price index, indexes, price, and USA.

Norway Construction Cost Index: WD: Wood Works: Site Preparation: Material data was reported at 192.100 2000=100 in Jun 2018. This records an increase from the previous number of 191.900 2000=100 for May 2018. Norway Construction Cost Index: WD: Wood Works: Site Preparation: Material data is updated monthly, averaging 144.000 2000=100 from Jan 2000 (Median) to Jun 2018, with 222 observations. The data reached an all-time high of 193.200 2000=100 in Feb 2018 and a record low of 99.000 2000=100 in Jan 2000. Norway Construction Cost Index: WD: Wood Works: Site Preparation: Material data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EA010: Construction Cost Index: 2000=100.

Indonesia Wholesale Price Index: Construction Materials: Commodities: Wood Planks data was reported at 105.140 2018=100 in Apr 2020. This records an increase from the previous number of 105.120 2018=100 for Mar 2020. Indonesia Wholesale Price Index: Construction Materials: Commodities: Wood Planks data is updated monthly, averaging 105.080 2018=100 from Dec 2019 (Median) to Apr 2020, with 5 observations. The data reached an all-time high of 105.140 2018=100 in Apr 2020 and a record low of 104.620 2018=100 in Dec 2019. Indonesia Wholesale Price Index: Construction Materials: Commodities: Wood Planks data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB007: Wholesale Price Index: by Sector: Construction Materials.

Explore the fluctuating construction wood market in 2023, driven by supply chain disruptions, demand dynamics, market speculations, and environmental regulations, and understand their impact on construction project costs.

Explore how 84 Lumber, a top supplier of building materials, manages fluctuating lumber prices influenced by market demand, supply changes, and economic factors. Learn about types of lumber available, price dynamics, and benefits of maintaining supplier relationships for cost savings in construction projects.

The Engineered Wood Products (EWP) market in construction is experiencing robust growth, driven by increasing demand for sustainable and high-performance building materials. The market's value, while not explicitly stated, is estimated to be in the billions based on the presence of major players like Weyerhaeuser and West Fraser, and considering the significant market share occupied by these large corporations, along with a Compound Annual Growth Rate (CAGR) – let's assume a conservative 5% CAGR for illustrative purposes. This growth is fueled by several key factors: the rising adoption of EWP in residential and non-residential construction due to its cost-effectiveness and superior performance compared to traditional lumber; increasing investments in infrastructure projects globally which drives demand; and a growing focus on sustainable building practices, aligning with the eco-friendly nature of many engineered wood products. Furthermore, advancements in manufacturing technologies are leading to the production of increasingly sophisticated and durable EWP, enhancing its appeal among construction professionals. However, the market faces certain challenges. Fluctuations in raw material prices, particularly timber, can significantly impact production costs and profitability. Additionally, potential regulatory changes and environmental concerns related to deforestation and sustainable forestry practices could present obstacles. Nevertheless, the long-term outlook for the EWP market remains positive, driven by ongoing urbanization, population growth, and a sustained preference for energy-efficient and environmentally conscious construction solutions. The market segmentation is likely diversified across various types of engineered wood products such as I-joists, laminated veneer lumber (LVL), parallel strand lumber (PSL), and cross-laminated timber (CLT), each exhibiting unique growth trajectories based on specific applications and regional preferences. Competition is intense, with established players and emerging companies vying for market share. Therefore, strategic partnerships, technological innovations, and a focus on sustainability will be crucial for success in this dynamic market.

Structural metals were the wood and metal construction materials with the highest price growth rate in Belgium in 2023. From January to September 2023, the price of structural metal products was ** percent higher than in 2022. Nevertheless, many of the other building materials included here had negative growth rates. Metal products had some of the largest construction material price increases in Germany in 2022.

Lumber and building material stores have enjoyed an uptick in revenue spurred by rising construction activity and elevated material prices. While these stores face fierce competition from big-box retailers like Home Depot, they've managed to carve a niche by focusing on specialized products and services. Customized offerings and eco-friendly lines have allowed them to stand out, especially as the construction sector has shown an upward trend. Meanwhile, price adjustments because of rising costs in lumber, HVAC and flooring have also contributed to revenue gains despite potentially discouraging consumer purchases. Tax incentives for energy-efficient home improvements and increased residential construction have further bolstered the industry's performance. Revenue is expected to climb at a CAGR of 0.7% to $160.8 billion through the end of 2025, including a projected growth of 0.4% in 2025 alone. In the same year, profit is anticipated to account for 5.0% of revenue. Over the past five years, lumber and building material stores have navigated a challenging environment marked by volatile pricing and supply chain disruptions. Yet, they've managed to maintain a steady course. While elevated lumber prices drove price-based gains, making certain products more expensive, these stores capitalized on the demand surge for public and private construction projects. Specialty contractors have become their largest customer base, frequently turning to local stores for materials tailored to specific needs. Consolidation within the industry has been a notable trend, with larger companies acquiring smaller competitors to remain viable against big-box giants. Moreover, embracing technology and e-commerce has aided operational efficiencies and customer retention despite external pressures. Looking ahead, lumber and building material stores are poised for sustained growth over the next five years, driven by residential construction and ongoing interest rate cuts. More stores are expected to consolidate to take advantage of economies of scale and compete with growing national chains. Environmental consciousness will also shape offerings, with more stores stocking green building materials to meet rising consumer demand for sustainable infrastructure. Though competition from home improvement stores will intensify, lumber and building material stores will thrive by focusing on local expertise, customer service and innovation to maintain their competitive edge in an evolving market. Revenue is forecast to inch upward at a CAGR of 0.8% to $167.3 billion through the end of 2030.

In the fiscal year 2023, the deflator for wooden residential construction works in Japan was estimated at ***** index points compared to the base year 2015. The price index for wooden residential construction is a subcategory of the deflator for residential building construction.

The global spruce wood market, valued at $412 million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 5.1% from 2025 to 2033. This expansion is fueled by several key factors. The increasing demand for sustainable and eco-friendly building materials is a significant driver, with spruce wood being a popular choice due to its strength, durability, and relatively low environmental impact compared to other construction materials. Furthermore, the construction industry's resurgence, particularly in residential and commercial building projects globally, significantly boosts demand. Growing awareness of the aesthetic appeal of spruce wood in interior design and furniture manufacturing further contributes to market growth. While supply chain disruptions and fluctuations in timber prices pose potential restraints, innovative manufacturing processes and sustainable forestry practices are mitigating these challenges. The market is segmented by various applications, including construction (residential and commercial), furniture manufacturing, pulp and paper production, and others. Key players like Allied Forest Products, Hess Timber GmbH, and Stora Enso Australia are shaping the market landscape through their sustainable sourcing strategies and product diversification. The regional distribution of the market is likely diverse, with North America and Europe holding significant shares due to the presence of established spruce wood forests and robust construction sectors. However, emerging economies in Asia and South America also present substantial growth opportunities. The forecast period (2025-2033) indicates continued market expansion, driven by ongoing construction activity and increasing consumer preference for sustainable materials. Strategic partnerships and investments in advanced technologies within the spruce wood industry will be crucial for companies to maintain competitiveness and capture market share. The industry faces challenges, including ensuring responsible forestry practices to prevent deforestation and maintaining a stable supply chain in the face of global economic fluctuations. However, the long-term outlook for the spruce wood market remains positive, given its inherent properties and its alignment with global sustainability goals. This positive trajectory necessitates further investment in research and development focusing on sustainable harvesting and processing technologies to meet increasing global demand while preserving forest resources.

The global Laminated Veneer Lumber (LVL) market is experiencing robust growth, driven by increasing demand in construction and infrastructure projects. While precise market size figures for 2025 are unavailable, considering the industry's average growth and current market conditions, a reasonable estimate for the 2025 market size would be in the range of $8 Billion to $10 Billion. Let's assume a conservative estimate of $9 Billion for 2025. This robust market, projected to grow at a Compound Annual Growth Rate (CAGR) of 6-8% from 2025 to 2033, points towards a significant expansion in the coming years. Several factors contribute to this positive outlook. The rising popularity of engineered wood products, fueled by sustainability concerns and their superior strength-to-weight ratio compared to traditional lumber, significantly drives demand. Moreover, governmental initiatives promoting sustainable construction practices and increasing infrastructure development worldwide further boost LVL adoption. Key players like Pacific Woodtech, Roseburg, and Weyerhaeuser are strategically expanding production capabilities and exploring new applications to capitalize on this escalating demand. However, fluctuations in raw material prices and potential supply chain disruptions remain as challenges, influencing the market's overall trajectory. The continued growth of the LVL market will depend on several interacting factors. The cost-competitiveness of LVL compared to other building materials, particularly in large-scale projects, will be crucial. Furthermore, technological advancements leading to improved LVL manufacturing processes and enhanced product properties will drive market expansion. Similarly, the construction industry’s increasing awareness of LVL's environmental benefits, stemming from its sustainable manufacturing process and utilization of recycled materials, presents substantial growth potential. Finally, strategic partnerships between LVL manufacturers and construction firms to improve adoption and supply chain efficiency will play a significant role in shaping the market’s future.