Weyerhaeuser (WY) Stock a Buy Despite Lower Lumber Prices

Industry News

Lumber prices are spiraling down, unlike last year, when they had significantly moved up as supply chain issues and homebuilding demand rebounded. Now, as higher home prices and the rising cost of mortgages are affecting affordability, lumber prices are taking a U-turn.Nonetheless, Weyerhaeuser (WY Quick QuoteWY – Free Report) — a leading lumber producer and…

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