Lumber Gauge Finally Slips in Further Sign Boom May Be Easing
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A gauge of lumber prices has dropped from records for the first time in months, adding to signs that a historic rally may be ebbing.
A benchmark of Western spruce, pine and fir lumber prices declined for the first time in 18 weeks, CIBC analyst Hamir Patel said Friday in a note titled “Lumber Pricing Decline Now Clearly Underway,” citing data from trade publication Random Lengths.