Lumber price have probably found a bottom at current levels, but will remain higher than average for the next few years, a lumber trader told Insider. Stinson Dean, CEO and founder of Deacon ...
Madison's Lumber Prices Index and US Housing Starts (CNW ... falling back again soon if mortgage rates remain around their current levels," said Oliver Allen, senior US economist at Pantheon ...
Lumber prices staged a 3-day rally of 10% despite continued headwinds in the housing market. The average 30-year mortgage rate closed in on 6% this week, hitting its highest level since 2008.
Madison's Lumber Prices Index and US Housing Starts (CNW Group/Madison's Lumber Reporter) "Relatively high inventory of new homes for sale suggests that single-family construction probably will ...
Lumber is a critical industrial commodity ... above $1,700 and $1.400 per 1,000 board feet, around triple the current price level. Illiquid markets tend to explode during bullish trends as ...
Lumber prices have reached record highs in Japan ... may weather the difficult times by maintaining home prices at the current level because they do not want to be stuck with unsold homes.” ...
And then there was lumber mania, when lumber prices soared to records. Once we all were cooped up in our homes, many people looked around, realized they hated their abodes, and decided it was time ...