Lumber cheapest in 7 months as housing markets soften

Industry News

By Jen Skerritt | BloombergThe days of pricey lumber might finally be over. Lumber futures are toppling to levels not seen since November amid fears of a softening housing market and economic recession. Futures fell as low as $604.50 per 1,000 board feet in Chicago on Wednesday, extending a slump to about 46% this year….

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