Lumber Prices Are Crashing: Is That Good News for Home Depot?
Lumber prices have experienced a wild ride since the onset of the pandemic. But prices have mostly trended one way since March, and that is down. Indeed, the price of lumber per 1,000 board feet approached $1,500 at the beginning of March. As of this writing on May 31, the price had fallen to $659.
Since lumber is a popular product at Home Depot (NYSE: HD), the price change could have implications for the home improvement retailer. Let's look at what they might be.
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Source Fool.com