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2 mins read

Lumber prices jump after US housing starts unexpectedly soar more than 20% in May

"Limited existing inventory combined with solid demand and improving supply chains helped push sing…

Matthew Fox   


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2 mins read

Lumber prices defy the most recent surge in mortgage rates to extend 3-day rally to 10%

"If interest rates get to 6.5% the waters will get very choppy," a Tampa home builder told John Bur…

Matthew Fox   


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3 mins read

Lumber prices are tanking as rising interest rates means more Americans are finding it harder to buy a home

Lumber prices are in freefall as more and more Americans are being priced out of the housing market…

Zahra Tayeb   


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2 mins read

Lumber prices are set for a shakeup with the rollout of new futures contracts - and a top broker says trading volume could soar 10 times

Typically, lumber contracts are carried out by railcar, but the new deliveries will be made by truc…

Phil Rosen   


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Lumber soars 13% as the housing market shows signs of a rebound for the first time in a year

The National Association of Realtors said it expects the median home price to increase 0.3% this ye…

Matthew Fox   


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Lumber prices waver as mortgage rates cool but builder confidence craters to lowest level since start of the pandemic

"Sales have fallen off a cliff. We're selling one-third of what we sold in March and April," a home…

Matthew Fox   


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Lumber prices fall to new 2022 low as April existing home sales hit lowest level since the start of the pandemic

"It looks like more [home sales] declines are imminent in the upcoming months, and we'll likely ret…

Matthew Fox   


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Lumber prices just hit their lowest point in 9 months as mortgage demand sinks to levels not seen in 2 decades

"Some parts of town where finished homes are now taking a month to sell versus hours. Market is def…

Matthew Fox   


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2 mins read

Falling lumber prices and lower spending by DIY customers drags on Home Depot sales and stock price

Home Depot said framing lumber prices fell by 64% over the past year in the first quarter, leading …

Carla Mozée   


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2 mins read

Lumber prices surge 7% as mortgage rates fall for the first time in 4 weeks

Lumber prices are still down 63% from their May 2021 high of $1,733 per thousand board feet, and ar…

Matthew Fox   


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Lumber prices plunge 12% to new 2022 lows as wood inventories start to pile up

"Similar to other locations, lumber remained weak," JPMorgan said in a recent channel check of home…

Matthew Fox   


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2 mins read

Lumber prices fall to their lowest level in 2022 as the highest mortgage rates in 13 years dent housing demand

"Many first-time buyers simply no longer qualify with the increase in interest rates, as their debt…

Matthew Fox   


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2 mins read

Lumber prices see no relief and continue to drop as Fed rate hikes put pressure on the housing market

Fed Vice Chair Lael Brainard told CNBC it's "very hard to see the case" to pause its interest rate …

Matthew Fox   


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1 min read

Lumber falls to its lowest level since 2020 as US housing market activity continues to slow

The average 30-year mortgage rate currently sits at 6.5% according to data from Freddie Mac, which …

Matthew Fox   


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2 mins read

Lumber prices will continue to rebound into summer after reclaiming the $1,000 level as seasonal demand ramps up, industry executive says

"Heading into what is the typical seasonal strength of the lumber market, a substantial buying roun…

Matthew Fox   


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2 mins read

Lumber prices fall 22% in March as housing market cools on soaring mortgage rates

The average traditional 30-year fixed mortgage rate hit 4.72% on Tuesday, representing a big jump s…

Matthew Fox   


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1 min read

Lumber prices fall toward multi-year lows as pending home sales slump and industry searches for supply balance

"Lumber is trying to carve out it's new post-covid trading range after resetting to more historical…

Matthew Fox   


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1 min read

Lumber prices hover near recent lows as new home construction sinks and mortgage rates jump to highest since 2008

The average 30-year fixed-rate mortgage climbed 25 basis points to 5.65% for the week ended June 10…

Brian Evans   


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2 mins read

Lumber falls to fresh 2022 lows as spike in mortgage rates cools housing demand and inflation puts dent in home renovations

"Buyers remained cautious in light of heightened lumber prices, inflation concerns, and rising mort…

Matthew Fox   


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2 mins read

Lumber prices are flirting with a crucial level as mortgage rates jump above 5% for first time in years

Surging mortgage rates will only add to the barriers faced by consumers in the already restrictive …

Matthew Fox