Forecast: US lumber prices stuck in a range as signs of bottoming emerge

-US lumber prices have crashed by over 70% from last year’s high. -This decline is mostly because of the falling housing starts and building permits. -Analysts warn that house prices could drop by about 10% in the coming months. US lumber prices have gone sideways in the past few months as investors focus on the housing market and the falling commodities market. Lumber was trading at $400 per thousand board feet, which is a few points below the year-to-date low of $361. It has crashed by more than 72% from the highest point in ...