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…

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

Articles You May Like

Construction input prices decrease in July, still up 17% from a year ago
What the Housing Market Will Look Like by the End of Summer, According to Experts
Meme stocks rally, crude oil sinks during mixed trading for U.S. stocks
In Maine, a stubborn housing crisis has put down roots
Retail Sales Were Flat in July