Lumber prices plunge 40 percent since May’s record high
Published by the Forest Industry Network
Lumber prices have fallen below $1,000 per thousand board feet for the first time since March. Prices have now dropped 40 percent since May’s record high.
Prices peaked on May 10 at a little over $1,700 per thousand board feet.
Prices are still way up historically – around 175 percent over the past year. They are expected to remain elevated, at least for the near future.
Read the full article at: https://forestindustry.com/2021/06/16/lumber-prices-plunge-40-percent-since-mays-record-high/
