Lumber Prices Continue to Decline—Should Remodelers Worry?

Lumber prices are viewed as a reliable leading indicator for how well the housing market is doing, so what does it mean for the industry and the broader economy overall when they drop significantly? Lumber futures are trading at around $532 per 1,000 board feet—that’s down 25% from Aug. 1, according to FactSet.

Read the National Association of Home Builders’ report on lumber prices and trends to find out what key factors are influencing lumber prices and how they might affect remodelers and home builders.