Lumber Prices Are Crashing; How It's Affecting Lowe's Business
This year has been a wild one for lumber prices. Measured per 1,000 board feet, the lumber price soared close to $1,700 by May before crashing down to just under $500 as of this writing.
It's the magnitude and speed of this price movement that's causing difficulty for Lowe's (NYSE: LOW) management. The violent fluctuations make it challenging for the company because of price changes between the time Lowe's buys from suppliers to the time it hits the shelves.
Let's look at the various ways crashing lumber prices are affecting Lowe's and what it could mean for investors.
Source Fool.com
