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Lumber prices have dropped by more than 60% this year, and have room to fall even further

Por: MarketWatch Business September 27, 2022

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The most-active November futures contract for random length lumber settled at $410.80 per thousand board feet on Sept. 26. That is the lowest settlement since June 2020 and prices are down 64% year to date, according to Dow Jones Market Data. Prices have lost around 75% from the peak price during the COVID-19 pandemic of $1,670.50 on May 7, 2021.Interest-rate hikes The agreed on another jumbo-sized interest-rate hike. The central bank also... + full article



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