How much did framing lumber cost in 2021?

The price of framing lumber averaged roughly $550 in 2020 and nearly $850 in 2021, each a new annual record. The chart below shows that, even after adjusting for inflation, the average price of framing lumber in 2021 was 17% above its 25-year average and broke the prior record set in 1996.

How much does lumber cost in 2024?

Interactive chart of historical daily lumber prices back to 1972. The price shown is in U.S. Dollars per thousand board feet. The current price of lumber as of May 14, 2024 is $482.00 per thousand board feet. Interactive chart of historical daily lumber prices back to 1972. The price shown is in U.S. Dollars per thousand board feet.

Are framing lumber prices trending up again?

The latest framing lumber prices are down significantly from their peak in May, but are trending upward yet again. NAHB continues to work with government officials to develop long-term solutions to the broader supply challenges that threaten housing affordability across the nation.