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Wednesday, May 8, 2024

Lumber falls to its lowest level since 2020 as US housing market activity continues to slow

The continued slowdown in the US housing market has taken its toll on lumber prices, which fell to its lowest level since June 2020 on Monday. The essential building commodity tumbled 9% in three days to a low of $382.80 per thousand board feet, below the $400 level that has served as key resistance …

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