Lumber prices have plunged 24% as this year's home builder season fails to meet expectations

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• Lumber prices are down 24% from their mid-March peak amid subdued home-building activity.
• US housing starts and new building permits are on the decline this year, each falling 4% and 6% in May.
• The combination of oversupply and falling demand for lumber are driving prices down, say industry experts.

Lumber prices have plunged this year as the peak home-building season falls flat amid subdued demand.

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