Red oak prices are expected to fall approximately 15 percent -- a decline of $200-300 from spring highs.

Strong demand from upholstered furniture plants keep frame stock prices firm. Chinese buyers are back in the market and wholesalers expect kiln-dried lumber supplies to be tight.

Strong red oak demand expected in the fall with prices declining 1%-2% rather than the previous forecast of 2%-3%.

Just when it looks like business is starting to pick up, softwood lumber is going up faster than any other commodity out there. And hardwood lumber is starting to pick up steam as well.