Lumber prices are plummeting again after hitting news lows for the year as US housing market continues to cool off

Industry News

Lumber prices traded lower again Friday amid continued signs of a housing-market cooldown. Prices fell as much as 5%, to $474 per thousand board foot. Lumber is extending losses that hit a new record low for the year earlier in the week. Something is loading. Lumber plummeted Friday, extending losses that marked a new 2022…

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