Lumber prices just hit their lowest point in 9 months as mortgage demand sinks to levels not seen in 2 decades

The Daily Buzz

Lumber prices can’t catch a break, having dropped another 4% on Wednesday to hit their lowest level in nine months. The orderly decline in lumber prices, which have declined in nine of the last 11 weeks, comes as mortgage demand for homes falls to its lowest level in 22 years. That weakness has been driven…

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