- Lumber prices are down 24% from their mid-March peak amid subdued home-building activity.
- US housing starts and new building permits are on the decline this year, each falling 4% and 6% in May.
- The combination of oversupply and falling demand for lumber are driving prices down, say industry experts.
Lumber prices have plunged this year as the peak home-building seas
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased