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

International

Lumber futures are coming under pressure as the housing market gets more restrictive for new buyers.Lumber prices remain subdued below critical support at $1,000 per thousand board feet.Mortgage rates surged above the 5% level on Tuesday for the first time in years. Loading Something is loading. Lumber futures are struggling to reclaim a crucial support…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Business stable for Canoe Forest Products in Salmon Arm despite some industry closures
The Federal Reserve is likely to hike interest rates once again. Here’s what that means for you
Trucking Industry Statistics by Income, Region, Age and Challenges
Plan for 82,000 Homes in San Francisco Moves Forward, Under Pressure From State
Dow’s nearly 100-point climb led by gains for shares of UnitedHealth, Home Depot