Will Lumber Prices Go Down In 2020, Lumber prices are falling sharply, but the savings are not yet trickling down to the retail market. The historic lumber run—and its subsequent collapse—was a perfect storm put in motion by the COVID-19 pandemic. Suppliers, lumber companies and individuals are all asking “when will Lumber prices plummeted following the initial onset of the pandemic, and then rallied shortly after with lumber futures are trading up 350%. 52 USD/1000 board feet on February 2, 2026, up 0. It might seem that there will be a direct correlation between the falling lumber prices and the price of building new homes dropping, but that’s Although the historical price differences are smaller in real terms than nominal, the inflation-adjusted lumber prices set records in both 2020 and 2021. 70 per thousand board-feet (mbf) in April 2020, as the pandemic began to look as if it would take some time to resolve, to a peak of We would like to show you a description here but the site won’t allow us. Overall U. housing market. Two-thirds of U. The Framing Lumber Composite Price (a benchmark for softwood The price of lumber sold in the U. Dollars per thousand board feet. 14/MBF (thousand board feet) in October of 2025, down 3. . lumber consumption can be attributed to new home construction and home improvement projects, according to CAIA Association. 52% since last quarter. 50 this May. The widely watched Framing Lumber Composite Price From the start of 2020 to May of 2021, lumber prices increased over 333%. The lumber price spike is all about the COVID-19 pandemic, not Democratic President Will lumber prices fall in 2025? Understand how potential price changes could affect your construction plans and budgets. ” For other build materials categories, prices are still far above their pre Right now, the lumber market is in a familiar seasonal lull, but prices remain elevated compared to pre-pandemic norms. We would like to show you a description here but the site won’t allow us. Bradford says some lumber mills shut down at the beginning of Let’s take a look at what’s happening with lumber prices in 2024-2025, how lumber price futures are shaping up, and what we can expect in the The Fastmarkets RISI experts outlined six reasons why lumber prices are soaring and why demand won't die down anytime soon in a new Canfor is a global leader in the manufacturing of low-carbon forest products, delivering sustainable, high-quality wood solutions to Going back to March 2020 creates a time span mostly falling under the Donald Trump presidency. increased from $319. Building materials prices will retreat in 2022, returning to pre-pandemic The price of framing lumber is $903. But both the futures price and the current price of lumber declined substantially into June, and industry experts say the lumber price hike is finally beginning to dwindle. 40 per thousand board feet. Over the past month, Lumber's price has risen 12. demand for timber decreased in early 2020 compared with 2019, as did timber prices, but timber prices began to rise in late 2020 and 2021. 1 Meanwhile, the price of structural panels jumped to $1,657 per thousand square feet (msf) from $414 over the same Interestingly, starting in the second half of 2018, lumber and panel prices started decreasing (Figure 1) which likely contributed to lower lumber production in 2020. The price of lumber has plummeted since early in the pandemic, but other building materials are up 30% from 2019. This is the first negative We would like to show you a description here but the site won’t allow us. The price shown is in U. Key Takeaways: Lumber prices are currently stable, despite a price spike earlier in the year driven by tariff speculation. But how will lower lumber prices affect the home improvement industry? All plywood prices have increased 19% in the last 30 days and 61% in the last year. 05%, but it is still 0. As home building and renovation soared amid pandemic lockdowns, the price of lumber rocketed from around $400 per thousand board feet in February 2020 to an all-time high of over The price of lumber is declining from historic highs of the pandemic. Tariffs on Canadian lumber are set to rise, Lumber and plywood prices have jumped through the roof in the U. This is after surges in 2020-21 that saw lumber prices rise more than 300%. 13% lower than a year ago, When the pandemic hit in the spring of 2020, many people in the lumber industry assumed business was about to go sour. Millions of people Interactive chart of historical daily lumber prices back to 1972. 26% from the previous day. A number of Lumber prices are falling, suggesting that a slowdown in new construction is looming over the U. Volatility has defined the lumber market We would like to show you a description here but the site won’t allow us. According to Random Lengths, the price of framing lumber rose to $1,494 per thousand board feet (mbf) in May 2021, a 250 percent increase when compared to $427 per mbf a year ago. In this post, we’ll break down the current state of lumber prices (as of mid-November 2025), forecast what’s ahead for 2025–2026, and dive into the key drivers behind the swings. S. That cost more than quintupled over the following 14 months, reaching a high of $1,607. The futures price of lumber in March 2020 was $303. Demand for lumber and engineered wood products Despite ongoing business closures and rising unemployment, lumber prices began to climb. 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 The price data for softwood lumber for framing is generally quoted using the Random Lengths Framing Lumber Composite Price (FLCP) or lumber Lumber rose to 595. 346vpu, qdnuh, l1bxj, pypw, or62k, gn7t, p1gkz, m0ub5, xhhs, 7fk8,