Lumber prices have slumped as mortgage rates cool housing demand, but the commodity may bounce back up by 13% on tight supply, 2 experts say

Industry News

The scorching rise in lumber prices last year hasn’t been able to continue in 2022, but this year still holds the potential to see prices rise back to the $1,000 mark as demand for the building material perks up within a tight supply market, experts tell Insider. There’s been a 23% drop in spot lumber…

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

Products You May Like

Articles You May Like

Baby boomers are driving the trend of Americans staying in their homes for twice as long as they did 2 decades ago
Builder Confidence Rises for Third Consecutive Month
Investors will have to wait awhile for interest-rate cuts, Fed’s Bostic says
North American lumber prices remain unchanged
Pending sales up, new life stirs in affordable housing market