Impact of Lumber Prices

Lumber prices are cooling after rallying over 400% in 12 months. Here is where 4 experts say the red-hot commodity goes from here.

The price of US lumber futures has pulled back since it peaked at $1,700 per thousand board feet in late May, falling roughly 43% as of mid-June. The red-hot commodity has been on a rapid decline the past few days, although prices remain elevated, up by 139% over the last year, making it one of the best-performing commodities in that period. Cash lumber prices are also tumbling.