Lumber Price Gets Chopped in Half Amid Chill in Housing Markets

Industry News

Lumber futures slid to the cheapest since September as rising interest rates put a damper on the housing market. Lumber futures fell as low as US$568.40 per 1,000 board feet in Chicago on Wednesday, extending a slump to about 50 per cent this year. Higher interest rates and soaring home prices are starting to put…

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