Lumber prices drop to a nine-month low as demands weaken

Posted on August 18, 2021   |  

• The increase in sawmill production and low demand from builders has led to a 70% drop in lumber prices. 
• The fall marks the change for the common building material after the huge demand for lumber in the U.S. during the pandemic.
• The wildfires in British Columbia hindered sawmill production and failed to hold the price drop.