Lumber Prices Are Crashing! Here's What It Means for Home Depot Stock

By Parkev Tatevosian, CFA – May 21, 2023 at 5:30AM

NYSE: HD

Home Depot

Market Cap

$344B

Today's Change

(-0.54%) -$1.88

Current Price

$345.56

Price as of May 10, 2024, 3:27 p.m. ET

Lumber prices have fluctuated wildly ever since the start of the pandemic.

After volatile swings, lumber prices seem like they are heading straight down. Fool.com contributor and finance professor Parkev Tatevosian discusses what that could mean for Home Depot (HD -0.54%) stock.

*Stock prices used were the afternoon prices of May 17, 2023. The video was published on May 19, 2023.

Parkev Tatevosian, CFA 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.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.