For the 13th consecutive week, North American framing lumber prices are down. On Friday, the cash market price of lumber fell to $389 per thousand board feet, according to data from Random Lengths. That's down 74% from its $1,515 all-time high in May. The market seems to be trying to find a bottom. However, there is now a lot of wood in the distribution system, and a bottom is proving elusive. As lumber prices reached record levels this spring, many DIYers and builders simply stopped buying. At the same ...
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