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The price of lumber could change consumer decisions on starting or delaying a home improvement project.
The prices of lumber have been more volatile than usual following the outbreak of COVID-19. And that has consequences for the largest home improvement retailer in the U.S. Recently, Home Depot (HD 0.94%) has thrived as folks have been taking on new projects at a blistering rate. This video will highlight the potential impact of crashing lumber prices on Home Depot stock.
*Stock prices used were the afternoon prices of Oct. 12, 2022. The video was published on Oct. 14, 2022.
Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot. The Motley Fool has a disclosure policy.
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