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Friday, September 20, 2024

Lumber falls to a new 2022 low after homebuilder sentiment drops for the 12th month in a row

Lumber prices extended their six-day losing streak on Monday after homebuilder sentiment fell for the 12th month in a row. Lumber futures dropped as much as 4% to $370.40 per thousand board feet, representing a fresh low for 2022 and its lowest level since June 2020. The essential building commodity …

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