random length lumber futures were up to 1400 a contract about a month ago now down to around 950. Retail will be reflected by the big box stores when one of them starts a price war in response to reduced/expected sales. Just my opinion.
Yes, but lumber is a bit of a local market so while overall prices are down (CBOT), that doesn't mean your local store price is down. Rationally, they were too high to be sustainable and new home construction has slacked a little. Permits have not, so there's still a large demand but starts are off a little.