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US lumber prices fell by 20% as lumber demand mutes in March
Posted on March 31, 2023 |
In the week ending March 17, the price of standard softwood lumber fell by 20% to $364 mfbm compared to the previous month when it was $456.
The freezing temperatures constantly hindered timber harvesting and log transportation.
As a result, the southern U.S. states increased construction activity but demand for lumber products remained damped.