Lumber prices drop as interest in do-it-yourself renovations cools off

Industry News

Lumber markets have been on a roller-coaster ride, after the COVID-19 pandemic initially eroded demand in the first half of 2020.DARRYL DYCK/The Canadian PressLumber prices have tumbled over the past 10 weeks as consumers retreat from do-it-yourself projects and builders slow the pace of housing starts.Despite the 46-per-cent drop in prices since mid-March, relief won’t…

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