Lumber prices are falling fast, turning hoarders into sellers

Perhaps signaling an eventual return to normalcy, lumber prices have dropped from record highs, and those in the industry say it might be spurred by the economic reopening.

According to The Wall Street Journal, futures for July delivery ended Monday at $996.20 per thousand board feet, down 42% from the record of $1,711.20 reached in early May.

The shift has created a new industry of sorts as traditionally big buyers of lumber are selling from their stockpiles.

Read more from The Wall Street Journal.