This spring lumber prices went on a historic run—shooting up over 300%—but that's all over now. Last week marked the 10th consecutive drop in wood prices. Not only are the gains completely wiped out, we're all the way back to 2018 levels. Last week, the "cash" market price fell to $472 per thousand board feet, according to data of Random Lengths. That's down 69% from its $1,515 all-time high in late May—and 19% lower than its $582 peak price in the summer of 2018. ...
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