Lumber Prices have dropped slightly since May, but experts say they’ll stay High for Years
While lumber prices have fallen back from May's record high of $1,700 per thousand board feet, commodity experts anticipate the home-building product to trade above $1,000 (well above the $400 historical average) for the next three to five years. Weyerhaeuser CEO Devin Stockfish recently told TIME that home repair and remodeling projects will continue to keep lumber prices elevated. Though the red-hot housing market has largely been credited with driving […]
