Lumber prices are influenced by interest rates, which impact mortgage rates and new home construction. Weyerhaeuser Company is a real estate investment trust that benefits from stable to rising lumber ...
Physical lumber futures remain in a narrow trading band, with the nearby contract price in an under $150 range in 2024. The consolidation of lumber futures has caused the band between annual highs and ...
My most recent Barchart article on the lumber market was in mid-August. September physical lumber futures were at the $530 per 1,000 board feet level. In that article, I wrote: Markets reflect ...
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 CME’s continuous physical lumber futures contract fell 22.99% in Q2 and was down 21.24% over the first six months of 2024, closing Q2 at $450.50 per 1,000 board feet. In a July 4, 2024, Barchart ...
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Wood prices have plunged 23% since early August and lumber mills are cutting back due to a building slump and uncertainty over tariffs, in a signal of potential problems in the U.S. economy, The Wall ...
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% ...
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