Lumber futures prices decreased by 52 percent over the past seven weeks of 2021

This fluctuation in price is due to the large differences between the price at which inventory is bought and sold.
Lumber prices are expected to increase for the next two months and will buy more inventory.
Lumber prices have increased more than 300% since May 2021, causing the average price of a new single-family home to increase by $36,000.
Renewed demand for lumber is expected to push up lumber prices in the coming months.
The red-hot commodity price has been declining by 45% to $1,670 per thousand board feet since May 7th, 2021.
Residential construction spending has declined, as the pandemic has forced people to work on home improvement projects while they are stuck at home

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