Lumber Price Bubble bursts is House prices ,Stockmarket next June 14,2021
Lumber prices fell as much as 6% on Monday to briefly trade below $1,000 per thousand board feet for the first time since late March.
Lumber has been the talk of the commodities markets in recent months after surging prices caused issues for homebuilders and renovators. Now, prices are down for the an eighth straight day and are trading roughly 40% below their May 10 peak of $1,711 per thousand board feet.