Lumber prices in North America experienced a significant drop in November 2025, following a previous surge. This decline was attributed to decreased demand due to a weak housing market and rising construction costs, which led construction companies to reduce their activity and postpone new projects. In this climate, some lumber mills decided to cut production and potentially halt operations altogether to avoid further surpluses.

These developments impacted not only lumber prices but also the furniture, cabinetry, and related wood products market. Furthermore, increased tariffs on imported lumber from some countries burdened importers, adding to the market pressure. The prospects for stability remain uncertain, particularly given the sluggish demand and the lack of clarity regarding the timing of a real estate market recovery.