Framing lumber prices in the US continued to tumble, as supplies easily outpaced demand across North America. Fear of downside risk kept most buyers on the sidelines, and the Random Lengths Framing Lumber Composite Price fell by double digits for the fifth consecutive week. The composite price fell $16 to $373, its lowest level since February 2017. A limit-down move in the November futures contract Thursday, and back-to-back days of plunging prices on the stock market gave buyers additional reasons for caution. ...
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