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July 2, 2021
US lumber prices plunge more than 40% in June, biggest monthly drop on record
Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back to 1978. The building commodity is down more than 18% in 2021, headed for the first negative first half since 2015. The quick reversal of lumber’s monthslong rally came as Americans started to go on vacations again instead of taking on renovation and building projects. The great lumber bubble of 2021 has popped. After a jaw-dropping rally this spring, lumber prices have come ...
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