Lumber prices surge 7% as mortgage rates fall for the first time in 4 weeks

LBM Daily News
Industry News

Lumber prices surged more than 7% on Thursday to $638 per thousand board feet, representing the biggest daily gain for the essential building commodity in months.The rally in lumber prices came as mortgage rates fell for the first time in four weeks, according to data from Freddie Mac. The average 30-year fixed mortgage rate fell…

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