In another possible sign of housing market recovery, framing lumber prices have been rising lately and reached $347 per 1,000 board feet last week, which was the highest level since early May 2010 ...
Physical lumber futures remain in a narrow trading range, with prices staying under $150 in 2024. Lumber futures have experienced a consolidation period, leading to a narrower range between annual ...
Lumber prices are stable - a new contract makes lumber hedging more versatile. Lumber remains highly illiquid, increasing the chances of explosive and implosive price action. Interest rates are ...
In a July 19 Barchart article, I highlighted that the price of physical lumber for September delivery at $562 per 1,000 board feet was trending higher. In that piece, I discussed how lumber reflects ...
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In a June 15, 2023, Barchart article, Lumber Could Have Found a Bottom—What’s Next? I wrote, “ I expect the decline in inflation and Fed’s pause as constructive events for the new home market. However ...
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 ...
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% ...
In July 2020, lumber prices began to soar as the COVID-19 pandemic supply chain chaos kicked in. Surprisingly, lumber began rising before many other commodities such as wheat, corn, WTI crude oil, ...
Falling lumber prices suggest there is trouble ahead for the struggling U.S. housing market, as builders scale back new construction because of a recent inventory glut and growing economic uncertainty ...