On Monday, RBC analysts reported a decrease in the prices of lumber and oriented strand board (OSB) over the past week. The Framing Lumber Composite price fell by $4 to $438, while the OSB Composite price dropped by $7 to $282, according to Random Lengths data. These price movements are particularly relevant for building materials companies like AZEK, a significant player with a $7.17 billion market capitalization and strong 37.22% gross margins. RBC Elements, in collaboration with its in-house data science team, developed a multi-variable time series model to project future price movements. This model estimates that the Framing Lumber Composite will decrease by an additional $1 to $437 in the coming week. Similarly, the OSB Composite is forecasted to decline by $5 to $277 next week, based on the same predictive model. These projections are part of RBC’s ongoing analysis of the paper, packaging, and forest product sectors.