Siding Cost Trends: Siding Price Alert 2023

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With the fluctuating price of building materials on everyone’s mind nowadays, it is difficult to set a budget for a construction project. Yes, there are some siding prices that have gone up. But the good news is that other siding costs have come down, some significantly. Check out the latest siding cost trends here.

Pura NFC western red cedar wood decor courtesy of Performance Panels UK

Pura NFC Siding by Trespa is  a low maintenance, premium cladding option


While the pandemic and its aftermath have wreaked havoc on the building material supply chain, pricing, and material availability, there’s hope. More popular siding materials are now readily available for most products. Depending on your project budget there are some premium siding options that may fit your needs.


The siding market looks very different this year than it has in the past. Softwood siding costs have gone way up, especially the upper grades of western red cedar. Hardwood siding prices have dropped a lot. Although vinyl siding prices went up a bit, they are still the cheapest siding price available. Thermally modified wood siding is a very reasonably priced siding option for wood lovers.


Compare siding cost per square foot 2023

Please Note* Siding costs can change without notice at any time. Prices and availability vary, too, from region to region.  Always be sure to contact your local suppliers for current siding prices and availability in your area.


RELATED: More Siding Cost Comparisons and Info


Hey, What's Going on with Red Cedar Siding Prices?

The big news for 2023 siding costs is the off-the-charts high price of western red cedar siding, especially the upper grades. People love the warm natural look of cedar.  But right now, cedar is very difficult to find – and when you can find it, the price is staggering.  Hopefully there will be more availability and lower prices soon, but for now - Wow!

So, if you love the look of cedar siding, but can’t afford the price, two great options to consider are thermally modified Hemlock and Trespa Pura NFC siding.

Thermally modified Hem Fir siding is as beautiful as cedar and is priced mid-range. It is all natural, real wood that is exceptionally durable. ThermaWood Hemlock siding can be painted or stained with oil-based products, just like cedar wood siding.

Thermally Modified Hem Fir Siding

Thermally modified Hemlock siding is beautiful


Another cedar siding alternative to consider is Pura NFC by Trespa. Pura siding is an HPL (high pressure laminate). This premium siding option is exceptionally low maintenance and very durable. Pura is available in many wood décor colors, including Western Red Cedar. Pura offers the great look of real wood, without all the usual maintenance of real wood siding.

Trespa Pura NFC siding wood decorPura NFC by Trespa is a low maintenance premium cladding option


Hardwood siding prices have dropped to pre-pandemic levels.  Many highly durable hardwood siding materials like Ipe,  Jatoba, Machiche and Garapa may meet your construction budget needs.  Check out some hardwood rainscreen siding options here.

FSC Machiche hardwood siding

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Key Siding Cost Takeaways for 2023:

  • Even though vinyl siding prices went up, vinyl remains the lowest cost siding material option.
  • Low end fiber cement siding prices are still inexpensive, up-front, but many consumers may prefer a higher quality siding material that lasts longer and looks better.
  • Softwood siding options, especially red cedar siding prices are very high.
  • Thermally modified hemlock siding costs are much lower than cedar and are readily available. ThermaWood is an excellent substitute for cedar and is in the moderate siding price range.
  • Hardwood siding costs have dropped significantly.       By comparison, hardwood siding species like Jatoba (Brazilian Cherry), Garapa, and FSC Certified Machiche siding are also very affordable.


Would you like to learn more about different siding materials options?

Download the "Ultimate Guide to Building Green with Wood Rainscreen Siding" today.

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