Lumber futures fell toward $550 per thousand board feet, marking a two-month low as persistent imbalances in the North American housing market continue to erode commodity valuation. While January housing starts rose to 1.487 million units the growth in multi family projects failed to offset the 2.8% decline in single family construction which remains the primary driver of lumber consumption. High mortgage rates and elevated property prices have stalled new residential developments and left distributors with an oversupply of seasonal inventory. This supply glut has forced regional dealers to implement deep discounts to manage yard space during a period of unseasonably low jobsite activity. Furthermore the strengthening dollar has increased the cost of domestic production and limited export competitiveness for major mills. Still the escalating conflict in the Middle East and rising energy costs remain critical factors that could shift the inflationary outlook for construction materials.
Lumber rose to 598 USD/1000 board feet on March 13, 2026, up 0.17% from the previous day. Over the past month, Lumber's price has risen 0.76%, but it is still 9.82% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Lumber reached an all time high of 1711.20 in May of 2021. Lumber - data, forecasts, historical chart - was last updated on March 14 of 2026.
Lumber rose to 598 USD/1000 board feet on March 13, 2026, up 0.17% from the previous day. Over the past month, Lumber's price has risen 0.76%, but it is still 9.82% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber is expected to trade at 559.94 USD/1000 board feet by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 509.85 in 12 months time.