Lumber Prices: What’s the Deal?
Lumber prices are still up there! Framing lumber is about 11% more expensive than last year, and it’s been inching up lately.
Things are a bit jumpy. Lumber futures dropped a bit (around 6%) last month, but they’re still way higher (over 15%) than they were a year ago.
The national average is about $936 per thousand board feet, which is almost 10% higher than last year.
What’s Coming Up?
Experts think prices will go up to around $627 in the next three months and maybe $673 in a year. Southern Yellow Pine should stay steady between $500–$600.
Why the High Prices?
- Big tariffs on Canadian lumber (over 35%)
- Supply chain problems.
- Not enough timber.
- Rebuilding after wildfires.
What About the Rest of the Year?
Most people think prices will go up a bit (6–8%). If tariffs go up even more, prices could jump as much as 20%.
Key Points
- Prices are still high.
- The market’s a bit unstable right now.
- Prices will probably keep going up a little.
- Tariffs, wildfires, and supply chain issues are affecting prices.
- Buy early or buy in bulk if you can.
What This Means for You
Lumber prices are steady but still high in 2025. They’ll likely keep going up slowly, especially if those tariffs stick around.
Good Ideas:
- Lock in prices ASAP or buy a lot at once.
- Be open to using different materials.
- Watch for updates from your local suppliers.
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