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Lumber Prices To Drop Following Historic Highs

Lumber prices are projected to drop 42 percent in July.
Posted at 5:50 PM, Jun 16, 2021

Lumber prices are finally going down.

Projections for July lumber delivery show prices are expected to drop 42 percent from the record high in May.

According to the National Association of Home Builders, the surge in lumber prices has added around $35,000 to the cost of a new home.