You Searched For "lumber market" and got 20 results
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1 min read
Lumber prices have plunged 24% as this year's home builder season fails to meet expectations
"Last week's housing report provided confirmation for many that demand is somewhat worse that most …
Matthew Fox
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
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
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
2 mins read
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
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
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
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
2 mins read
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
2 mins read
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
2 mins read
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
2 mins read
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
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
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
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
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
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
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
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
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 …