Lumber Prices Are Falling With a Thud. Softer Housing Sales Are Hammering Demand.

LBM Daily News

Inflation and rising mortgage costs are putting a dent in the housing market, which is hurting lumber demand. Frederic J. Brown/AFP/Getty Images You can almost hear the sound of falling lumber prices, with probably more to go. The Federal Reserve’s slow-but-steady war on inflation will crimp demand for wood used in the home-building industry, sending…

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

Articles You May Like

What is a recession, and when is the next one going to begin?
Canfor Pulp and Canfor Jointly Release 2021 Sustainability Report with Additional Targets
Stock market news live updates: Stock futures edge higher ahead of jobs data, more Powell testimony
RI Senate leaders save tax break for solar developers with last-minute maneuvering
Russia appears to miss its foreign debt payments deadline, falling into default.