‘Market has tipped’: Lumber prices finally fall, although still up over 300% (msn.com)
“The futures price for lumber peaked in early May. But the “cash” price (the price sawmills charge distributors and wholesalers) kept hitting new all-time highs through last week. That has finally reversed: On Friday, the cash price per thousand board feet of lumber fell to $1,446, according to industry trade publication Random Lengths. That’s down from the $1,515 all-time high set a week prior. Shawn Church, editor at Random Lengths, tells Fortune the dip suggests the “market has tipped.”