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Lumber prices reverse early slide, but pandemic-driven boom shows signs of weakness

washington state wood lumber

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Lumber prices slid again on Tuesday before mounting a recovery as the pandemic-driven boom in the commodity continues to show signs of weakness.

Specifically, lumber futures fell as low as $944 per thousand board feet on Tuesday before recovering above $1000. The recovery helped lumber avoid the 10th straight down day for the hot commodity.

Lumber’s recent rise has been so dramatic that prices are up roughly 170% since this time last year even with the recent down trend.

Kunal Lunawat, co-founder and managing partner at Agya Ventures, a real estate technology fund, said that lumber’s rise details ⇒

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