Lumber prices fall to new 2022 low as April existing home sales hit lowest level since the start of the pandemic

Lumber prices fell to a new 2022 low on Thursday after existing home sales showed a slowdown in April. Lumber futures fell as much as 6% to below $700 per thousand board feet, according to data from Finviz.  Existing home sales fell for a third straight month in April to its lowest level since the…