Lumber prices will fall back to pre-pandemic levels within a year amid considerable volatility, investment chief says

Prices for lumber futures have descended to levels not seen since November 2020, erasing this year’s dizzying gains amid a cooling demand for the red-hot commodity. Lumber prices fell for the 10th consecutive week to trade at $536 per thousand board feet – 67% lower from their May 7 peak of $1,670 …

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