Lumber Prices
Track current lumber prices and market trends. Updated daily with data from major commodity exchanges.
Lumber Futures Price Tracker
Random Lengths Framing Lumber Composite
What This Means for Woodworkers
Current prices are 4.7% above the pre-pandemic average of $380/MBF. While prices have stabilized from 2021-2022 peaks (which hit $1,500+), construction lumber remains elevated. For project planning, add 5-10% buffer for price fluctuations.
Regional Price Comparison
| Species / Grade | West Coast | South | Midwest | Trend |
|---|---|---|---|---|
| SPF 2×4 (KD) | $402 | $385 | $395 | +2.1% |
| Douglas Fir 2×4 | $445 | $420 | $430 | +1.8% |
| Southern Yellow Pine 2×4 | $390 | $365 | $378 | -0.5% |
| OSB (7/16″) | $385 | $365 | $372 | +3.2% |
| Plywood (1/2″ CDX) | $32/sht | $28/sht | $30/sht | +1.5% |
12-Month Price History
Random Lengths Composite Price ($/MBF)
Hardwood Lumber Prices
| Species | 4/4 FAS | 8/4 FAS | Trend |
|---|---|---|---|
| Red Oak | $3.85/bf | $4.95/bf | -1.2% |
| White Oak | $5.20/bf | $6.50/bf | +2.8% |
| Hard Maple | $4.45/bf | $5.65/bf | +0.5% |
| Cherry | $6.25/bf | $7.85/bf | -2.1% |
| Black Walnut | $8.95/bf | $11.50/bf | +1.4% |
| Poplar | $2.45/bf | $3.15/bf | 0% |
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Understanding Lumber Prices
Key Factors Affecting Prices
- Housing Starts: New construction is the largest driver of softwood lumber demand
- Canadian Imports: ~30% of US lumber comes from Canada; tariffs and trade disputes impact prices
- Mill Capacity: Several mills closed during 2020 and haven’t reopened
- Transportation Costs: Diesel prices directly affect delivered lumber costs
- Weather Events: Hurricanes, wildfires, and beetle infestations affect supply
- Seasonal Demand: Prices typically rise in spring building season (March-May)
Price History Context
| Period | Avg Price | Notes |
|---|---|---|
| 2019 (Pre-pandemic) | $380 | Normal market baseline |
| May 2021 (Peak) | $1,515 | All-time record high |
| 2022 Average | $612 | Elevated but declining |
| 2023 Average | $445 | Continued normalization |
| Current | $398 | Near pre-pandemic levels |
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Data updated every Monday. For real-time trading prices, see CME Group Lumber Futures.
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