North American lumber prices have fallen 22% from their early March peak as the housing market shows signs of cooling. New home sales fell for a second straight month in February, dropping 2% to a seasonally adjusted annual rate of 772,000 units. North American lumber prices are bucking the trend of other supply-constrained commodities and moving lower in March as the housing market shows signs of cooling down. Lumber futures have dropped 22% from their early March high of $1,357 per thousand board ...
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