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Are Surging Lumber Prices Good or Bad News for Home Depot and Lowes?

·4 min read
Are Surging Lumber Prices Good or Bad News for Home Depot and Lowes?
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Lumber prices have been on a wild ride since the pandemic onset. Home improvement retail giants Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) sell a lot of lumber to professionals and do-it-yourselfers. Let's look at Home Depot and Lowe's and see if the recent lumber prices increase is good or bad news.