US lumber prices expected to drop to $600 in the next six months
The price of US lumber futures has pulled back from May's peak, falling roughly 43% as of mid-June. Some experts say that it could go down to $600 in the next six months. Still, the lumber shortage will not be easily remedied, and inflationary pressures remain a concern. The price of US lumber futures has pulled back since it peaked at $1,700 per thousand board feet in late May, falling roughly 43% as of mid-June. The red-hot commodity has been on a rapid decline the past few ...
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