From KSN.com….
Lumber prices have fallen 40% since May. That’s the biggest drop in history.
The falling prices are based on the predicted future price of lumber, which is bought by places — like your local lumber mill — via contract. Experts like Thomas Baalmann said it won’t immediately reflect on the market.
“We do think that it will come down in the future. I just can’t tell you how soon,” said Baalmann.
Thomas Baalmann has owned B&B Lumber since 1995. He said no price is guaranteed until you see it on the shelf.
