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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

Stock market today: US stocks edge higher amid mixed earnings and ahead of PCE inflation data

Stocks edged higher on Thursday ahead of new inflation data in the form of May PCE. Weekly jobless …

Max Adams   


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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 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 are up 29% in February as pace of economic reopening sparks new rally in global commodities

Prices for iron, oil, soybeans, and fertilizer have also pointed higher amid cold winter weather, g…

Isabelle Lee   


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2 mins read

4 reasons why lumber prices have doubled from summer lows — and why one expert sees them normalizing again

Despite the recent spike, traders can expect lumber prices to normalize in the near term and settle…

Isabelle Lee   


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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 have risen 50% since August, and 2 experts say the resurgence will continue through early 2022

While analysts are expecting to see an uptick in 2022, they don't expect the price of lumber to soa…

Isabelle Lee   


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2 mins read

Lumber prices are on the rise again after a brief reprieve this summer, adding to concerns of lingering inflation

Homebuilders like KB Homes have indicated to analysts that despite lumber's spectacular rise and fa…

Matthew Fox   


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2 mins read

3 reasons why lumber prices will tumble 30% by year end, according to a veteran portfolio manager

Michael Gayed, a veteran portfolio manager who has long touted lumber as an indicator for the US ec…

Isabelle Lee   


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2 mins read

These 5 beaten-down lumber stocks have strong upside into year-end as the housing boom continues, RBC says

"We think that the worst of the declines are over and that it is a good time to start getting up to…

Isabelle Lee   


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2 mins read

2 reasons why lumber prices will tumble another 28% from 13-month lows, according to one analyst

Naeem Aslam, chief market analyst at AvaTrade, said Fed tightening and China releasing stockpiles c…

Isabelle Lee   


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2 mins read

Why lumber prices have already bottomed, but will see upside capped at 15% over the next 2 years, according to an investing chief

"We're out of the panic buying. We're out of the massive industry shortages. We're out of the extre…

Isabelle Lee   


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2 mins read

Lumber prices have already bottomed - and 3 forces will drive them higher going forward, one investment head says

Ed Egilinsky of Direxion pointed to the tightening labor market, the raging wildfires, and the emer…

Isabelle Lee   


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2 mins read

Lumber prices have tumbled 70% in the last 14 weeks following a blistering rally as record-setting demand slows

Even if lumber prices normalize around $500, that's still well above the pre-pandemic average.

Ethan Wu   


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2 mins read

Lumber prices have fallen, but the stage is set for a potential 65% rally through the end of the year, an expert says

"The losses we are seeing over recent months could soon enough bring another major buying opportuni…

Isabelle Lee   


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2 mins read

3 factors will keep lumber prices elevated despite a multi-week decline, an economist says

As the price of lumber stabilizes, more volatility lies ahead, and three factors will keep the red-…

Isabelle Lee   


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2 mins read

3 reasons why lumber prices could stage a late summer rally, according to Bank of America

"A better-than-expected demand outlook would prompt an inventory rebuild and could spark a large mo…

Matthew Fox   


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2 mins read

Lumber prices will fall back to pre-pandemic levels within a year amid considerable volatility, investment chief says

Lumber prices will be volatile, but movements will vary by location in the US, according to Stuart …

Isabelle Lee   


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2 mins read

Lumber prices continue to fall, and are headed to as low as $350 by August, an analyst says

By end of August and into September, the price of lumber could settle in a range between $350-$450 …

Isabelle Lee  Â