In the meantime, while the price declines filter into the consumer market, demand has cooled down.“The do-it-yourself sector, it’s not as robust as it was a year ago when homeowners were locked down and using stimulus and travel money to do a lot of home improvement,” said Shawn Church, editor of Fastmarkets Random Lengths, a trade publication that covers the industry.The professional homebuilding industry, the largest source of demand for lumber, is also decelerating from a breakneck pace, with some builders citing high prices for wood as a reason to hold off on construction.Those decisions by …
