Lumber buyers placed unsuccessful bets on tariffs and interest rates Lumber prices have dropped by more than 14% from a record high in early August. Many home builders, contractors and retailers ...
Lumber futures fell again Wednesday, dropping to their lowest prices since last autumn, before higher duties on Canadian imports and the threat of tariffs sent them soaring. Futures for September ...
Remember how early in the pandemic, nearly everything home-related shot up in price? Now, with folks out and about again and interest rates high and supply chains smoothed out, those lumber prices ...
Lumber prices, which shed more than 20% in August, have continued to fall to start September, hitting their lowest price this year thanks to a glut of wood that was piled up ahead of a big increase in ...
The twin-peaked lumber bubble of 2021 and 2022 that once drove home building costs through the roof and exacerbated inflation is now nothing more than a memory. Spot lumber prices have plummeted 75% ...
Many home builders, contractors and retailers wagered that higher U.S. tariffs on imports would boost the cost of lumber, while lower interest rates would lift demand for the building material. But ...