You Searched For "lumber rally" and got 20 results
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1 min read
Lumber prices spike above $1,000 for the first time since mid-June as hot housing market drives renewed demand
The commodity is 41% below its record high, while its up 127% from its recent low, highlighting its…
Matthew Fox
1 min read
Lumber prices fall as mortgage rates hit fresh 13-year high to edge closer to 6%
"Fixed mortgage rates have increased by more than two full percentage points since the beginning of…
Brian Evans
2 mins read
Lumber trader who warned of 'climate price' flags 4 ways to ease latest spike that's nearing record highs
Lumber prices are rallying again as housing demand remains hot and supply-chain disruptions continu…
Phil Rosen
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
2 mins read
Lumber falls 24% in 9-day losing streak, but analysts see a bottom forming for the key building commodity
"If the homebuilders' January momentum proves sustainable... many lumber suppliers could be caught …
Matthew Fox
3 mins read
Lumber prices have slumped amid climbing mortgage rates, but 2 experts say the commodity may rebound 13% on tight supply
Futures pricing "tells me is there's still a long-term, bullish supply-demand situation in lumber,"…
Carla Mozée
1 min read
Lumber continues to skid below $900 with the commodity in free-fall from May highs
Lumber prices are now trading nearly 50% below their May 10 peak of $1,711 per thousand board feet.
Emily Graffeo
1 min read
Lumber prices have soared 230% in the last year, pushing timber and homebuilding ETFs to record highs
Exchange-traded funds that track timber, forestry, and homebuilding stocks have rallied as lumber p…
Emily Graffeo
1 min read
Lumber prices fall as US mortgage rates top 6% for the first time in 14 years
Lumber prices fell 6% on Wednesday after rallying earlier in the week amid fears that a possible ra…
Brian Evans
2 mins read
Lumber falls after mortgage rates solidify their move above 6% amid hawkish Fed rate hikes
"The lumber market continues to be in a state of overall malaise as buyers anticipate lower overall…
Matthew Fox
2 mins read
Lumber market must weather a 'treacherous' 2023 after last year's staggering 66% price crash as a US housing slump deepens
Rising mortgage rates caused the US housing market to falter, leading to a significant slowdown in …
George Glover
1 min read
US stocks rally and notch weekly gains as inflation continues to cool
The Dow and the S&P 500 gained more than 2% for the week, and the Nasdaq jumped more than 4%.
Brian Evans
2 mins read
JPMorgan CEO Jamie Dimon says timber will be great business for the bank, after it bought a lumber firm during the market boom
JPMorgan bought lumber management firm Campbell Global during a boom in the market. But its focus i…
Harry Robertson
2 mins read
US stocks trade mixed with Nasdaq at a record high as investors weigh recovery signals
"US stocks are stabilizing as investors are clearly in wait-and-see mode over the current wave of i…
Isabelle Lee
2 mins read
Lumber prices have defied a cooling housing market to climb 26% in October, but surging mortgage rates will keep a lid on further upside
"At 7% interest rates I wouldn't expect lumber to do much for a while," Ashley Boeckholt of Materia…
Matthew Fox
1 min read
These 4 stocks related to the lumber industry are soaring as prices for the commodity doubled in 2021
Lumber prices are up 250% since last spring as the commodity gets squeezed on both the demand side …
Matthew Fox
2 mins read
New home sales tumbled in April as expensive lumber cut into construction
Sales of new homes sank 5.9% in April, missing estimates. Builders' attempts to shore up supply hav…
Ben Winck
2 mins read
Battered homebuilder stocks may be primed for a new rally as US mortgage rates look set to drop in 2023, Bank of America says
BofA is anticipating a drop in the 30-year mortgage rate to about 5.25% this year - a move favorabl…
Carla Mozée
3 mins read
Why meme stocks AMC and GameStop made a comeback and spiced up a dull week for markets
Being short-squeeze candidates, AMC and GameStop stocks both usually experience high volume-buying …
Shalini Nagarajan
4 mins read
The Fed's rate hike was just the beginning as banks around the world adjust policy - but the uncertainty doesn't mean the market can't rally.
One firm still expects a 17% stock rally before a recession hits in 2023, even as the Fed hammers s…