Imports of lumber into the united states were down 50% in 2008. true or false

The given statement is True.

Import of lumber in the united states decreased by 50% by the year 2008 because of globalization.

Consumption of industrial and appearance lumber increased during the 1990s and in 2000 consumption of lumber decreased.

In the year 2008 recession was associated with declines in all the segments of domestic consumption as U.S home construction declined.