Lumber prices are falling—fast.
On Tuesday, the price per thousand board feet fell $114 to $1,210, according to industry trade publication Fastmarkets Random Lengths. This comes after its record $122 decline last week. In all, the "cash" price of lumber is down 20%—the threshold in the securities world for a bear market—since the $1,515 all-time high set on May 28.
Reference To Fortune.com
