The week-to-week framing lumber composite price increased 1.6% on Feb. 21, 2025, rising to $453 per 1,000 board feet. Lumber prices are now 15.6% higher than they were one year ago. …Softwood lumber prices have been especially volatile in recent years largely because of increased demand, rising tariffs, supply-chain bottlenecks and insufficient domestic production. …Surveys conducted by Home Innovation Research Labs show that the average new single-family home uses more than 2,200 square feet of softwood plywood, and more than 6,800 of OSB, in addition to roughly 15,000 board feet of framing lumber. Softwood lumber is also an input into certain manufactured products used in residential construction — especially cabinets, windows, doors and trusses. …As explained in NAHB’s study on regulatory costs, the final home price will increase by nearly 15% above the builder’s cost. The bottom line is that changes in softwood lumber prices directly impact the price of a new home.