3 factors will keep lumber prices elevated despite a multi-week decline, an economist says

markets.businessinsider.com: Prices for lumber futures have dipped to their lowest in seven months after a record-breaking run since the middle of 2021. The price of the red-hot commodity traded at $524.70 per thousand board feet as of Monday at 12:40 p.m. ET, roughly 68% lower from its May 7 peak of $1,670 per thousand board feet.