The framing lumber composite price increased 0.5% for the week ending on January 3. This is after climbing 1.2% the week prior. Lumber prices are now 8.7% higher compared to what they were one year ago.
The National Association of Home Builders (NAHB) continually tracks the latest lumber prices and futures prices, and provides an overview of the behaviors within the United States framing lumber market. The information is sourced every week using the Random Lengths framing lumber composite price which is comprised using prices from the highest volume-producing regions across North America.
According to NAHB,
Summary of the week-to-week lumber prices and plywood prices for the week ending on Jan. 3, 2025:
- The Random Lengths framing lumber composite price increased 0.5%.
- Prices are 8.7% above where they were one year ago.
- The price of lumber futures decreased 1.5%.
- Prices are down 4.7% from a month ago and 1.5% below where they were one year ago.
- The structural panel composite price was flat compared to the previous week.
- OSB prices were flat.
- Western Fir plywood prices were flat.
- Southern Yellow Pine (SYP) plywood prices were down 0.1%.
