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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
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
1 min read
Lumber's pandemic rally has spilled over into fake alternatives, sending shares of faux-wood companies soaring
Trex and Azek are both producers of fake-wood decks. Their stock prices and sales have boomed durin…
Emily Graffeo
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 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
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
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
2 mins read
Lumber prices are on pace to plunge 45% in June after a record-breaking rally driven by homebuilding demand
"I would not be surprised at all if we see the price continue to trail lower than $600 or below tow…
Isabelle Lee
2 mins read
The price of a plywood substitute that used to be cheap is hitting repeated record highs even as lumber's rally cools
The price of a formerly cheap plywood substitute call oriented strand board has surged 97% since th…
Isabelle Lee
1 min read
Lumber prices could spark a 18% rally in Weyerhaeuser as wood valuation suggests limited downside, BofA says
Weyerhaeuser could issue a special dividend of $2 per share by the first quarter of 2022, the note …
Matthew Fox
2 mins read
Lumber prices have turned negative for the year after red-hot rally as the home improvement boom cools
The price of lumber soared in the first few months of the year but has tumbled since May as demand …
Harry Robertson
2 mins read
Lumber prices avoid 7th straight decline with late-day surge as the commodity's blistering 250% rally whipsaws
Lumber prices avoided a seventh straight day of losses after spiking positive right before 3:30 pm …
Will Daniel
3 mins read
Lumber prices are cooling after rallying over 400% in 12 months. Here is where 4 experts say the red-hot commodity goes from here.
Experts told Insider that the price of lumber could go down to $600 per thousand board feet in the …
Isabelle Lee
2 mins read
Commodities are in a 'sweet spot' and prices will keep thriving as the economy picks up, Goldman Sachs says
As the economy picks up, inflation rises and monetary policy remains loose, commodities will keep s…
Sophie Kiderlin
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 are at a 7-month high and are set to stay elevated on the back of 3 key trends, an expert says
Lumber futures rose for the fourth-straight session on Friday to their highest level since June 202…
Isabelle Lee
2 mins read
Lumber extends 2-day rally to 18% as the real estate market shows signs of sticking a soft landing, research firm says
"Even with a shrinking GDP, the American homeowner is in great shape. There is no panic selling," A…
Matthew Fox
2 mins read
Lumber prices crash 30% in 2 weeks as rising mortgage rates take some heat out of US housing market
A surge in mortgage rates contributed to a decline in pending home sales last month, according to t…
Matthew Fox
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
2 mins read
Lumber prices are 'looking like a repeat of 2021' as housing demand remains red-hot and supply chain disruptions persist
"Being told factories are still not operating at capacity and tariffs aren't allowing solid competi…