Summary List Placement

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 ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com