Lumber prices continued their decline for the 11th straight week, with the framing lumber composite price falling to $424 per 1,000 board feet—the lowest since October 2024. Although prices are down 4.1% over the past month, they remain 13.1% higher year-over-year. U.S. lumber availability also hit a low not seen since 2019, as both domestic production and imports, especially from Canada, decreased in the first quarter of 2025.
