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Lumber prices fell for the eighth straight day on Friday to near $1,000 per thousand board feet for the first time since March in a reprieve for ailing homebuilders and renovators.
Lumber futures fell 5.61% to trade at $1,059.20 per thousand board feet on Friday.
Rising lumber prices in 2021 have hit homebuilders, buyers, and renovators hard, pushing up the cost of an average single-family home by some $36,000, according to the National Association of Homebuilders.
Lately, though, lumber has fallen back down to Earth as the historic rise appears unsustainable—prices are now down roughly details ⇒
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