Lumber prices have slumped amid climbing mortgage rates, but 2 experts say the commodity may rebound 13% on tight supply

The Daily Buzz

A housing boom has caused lumber prices to soar in 2021.Mike Blake/Reuters Lumber prices are down more than 20% this year but are poised to gain upward traction, experts told Insider. Futures pricing for lumber suggest demand is building up for summertime projects. Higher interest rates have dampened demand in the housing market so far…

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