Experts forecast summer drop in lumber prices

Lumber analysts are expecting the pricing bubble to burst this summer, possibly reducing costs by as much as 50 percent. “Retail prices should drop. Absolutely,” Paul Jannke of Forest Economic Advisors told DrydenNow. “It does take about three to four months for wholesale prices to feed through to retail pricing. So, I would think sometime fairly soon over the next month or two, we should start to see lower prices at the hardware store as well. From a retail perspective, it could be August.”