In October, prices for softwood lumber in the U.S. dropped 10.3% - the largest decline since May 2011. The producer price index for softwood lumber has fallen 21.2% since setting the cycle and all-time high in June. Even after the decrease, however, the index currently sits just 4.7% lower than the prior-cycle high set in 2004, reported the National Association of Home Builders (NAHB). The final demand price index for OSB has followed a path similar to that of softwood lumber over the last three months. ...
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