Actual
520.50
Daily Change
2.50 0.48%
Monthly
-2.35%
Yearly
-7.14%
Q4 Forecast
498.74
Lumber - Summary

Lumber futures held around $500 per thousand board feet, hovering close to their lowest level since September 2024, amid persistent weakness in the US housing market. Existing-home sales fell to their lowest level in 16 years, as mortgage rates above 7% and stubbornly high inflation continued to deter buyers. Although mortgage rates declined for a fourth consecutive week to 7.11%, affordability remains strained. Construction activity is also weak, with spending on lumber-intensive single-family homes falling 2.4% year-on-year in September, while builder sentiment dropped to its lowest level since 2012 amid high input costs. Mill closures across North America could tighten supply as prolonged US-Canada tariff uncertainty remains a headwind. A Democratic sweep of Congress has raised prospects for repealing duties on Canadian lumber, although the Trump administration has yet to secure a trade agreement amid ongoing negotiations.

Lumber - Stats

Lumber rose to 519.53 USD/1000 board feet on November 13, 2026, up 0.30% from the previous day. Over the past month, Lumber's price has fallen 2.53%, and is down 7.31% compared to the same time last year, 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 November 13 of 2026.

Lumber - Forecast

Lumber rose to 519.53 USD/1000 board feet on November 13, 2026, up 0.30% from the previous day. Over the past month, Lumber's price has fallen 2.53%, and is down 7.31% 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 is expected to trade at 498.74 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 469.83 in 12 months time.



Price Day Month Year Date
Lumber 520.50 2.50 0.48% -2.35% -7.14% Nov/13



Related Last Previous Unit Reference
United States Building Permits 1398.00 1403.00 Thousand Sep 2026
United States Housing Starts 1221.00 1288.00 Thousand units Sep 2026

Lumber
Lumber is a key construction material produced from processed wood and widely used in residential building, infrastructure, and manufacturing. As a result, lumber prices are closely tied to housing activity, economic cycles, and supply conditions in forestry markets. Lumber futures are traded on the Chicago Mercantile Exchange (CME) and are used by producers, builders, and investors to manage price risk. Contract specifications require that lumber be produced in approved regions of the United States and Canada, reflecting the importance of North American supply in global markets. Production is heavily concentrated in North America and the Baltic Sea region, where forestry resources and processing capacity support large-scale output. Lumber prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
519.53 518.00 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

News Stream
Lumber Slides as Housing Weakness Persists
Lumber futures held around $500 per thousand board feet, hovering close to their lowest level since September 2024, amid persistent weakness in the US housing market. Existing-home sales fell to their lowest level in 16 years, as mortgage rates above 7% and stubbornly high inflation continued to deter buyers. Although mortgage rates declined for a fourth consecutive week to 7.11%, affordability remains strained. Construction activity is also weak, with spending on lumber-intensive single-family homes falling 2.4% year-on-year in September, while builder sentiment dropped to its lowest level since 2012 amid high input costs. Mill closures across North America could tighten supply as prolonged US-Canada tariff uncertainty remains a headwind. A Democratic sweep of Congress has raised prospects for repealing duties on Canadian lumber, although the Trump administration has yet to secure a trade agreement amid ongoing negotiations.
2026-11-12
Lumber Drops to Lowest Level in 26 Months
Lumber futures fell below $510 per thousand board feet, reaching its lowest level since September 2024, as expectations grew that tariffs on Canadian lumber could be reduced. A Democratic sweep of the US Congress raised prospects for support to repeal the duties, while the Trump administration has yet to secure a trade agreement with Canada amid ongoing negotiations. The removal of tariffs could increase US lumber supply and place further downward pressure on prices. The US Commerce Department previously lowered antidumping and countervailing duties on Canadian softwood to 24.75% from 35.16%, although a separate 10% tariff keeps the total rate elevated at 34.75%. Meanwhile, prolonged trade barriers continue to weigh on the already weak US housing market, while mill closures across North America could tighten supply. Housing demand remains constrained by mortgage rates above 7% and high construction costs, although rates have declined for a third consecutive week.
2026-11-09
Lumber Hits 25-month Low
Lumber decreased to 497.50 USD/1000 board feet, the lowest since September 2024. Over the past 4 weeks, Lumber lost 7.41%, and in the last 12 months, it decreased 5.48%.
2026-11-09