What do you absolutely need to know?
- Lumber tanked more than 40% in the past June, constituting the biggest drop since 1978.
- Building commodities are down more than 18% this year alone, facing the first negative half of the past 6 years.
- This drop happened as Americans left for vacation again instead of staying home, renovating and starting new projects.
After this spring’s rally, lumber prices came back down, as building demand eased. Prices tanked more than 40% last June, constituting the biggest drop since 1978. Building commodities are down more than 18% this year alone, facing the first negative half of the past 6 years.
At their peak, lumber hit prices six times higher than their low during the 2020 pandemic.
