Lumber extends 2-day rally to 18% as the real estate market shows signs of sticking a soft landing, research firm says

Industry News

Lumber prices jumped as much as 9% on Tuesday, extending its two-day rally to about 18%. The price reversal in the essential building commodity happened after a relentless 5-month sell-off of 63%. Signs are building that the housing market could stick a soft landing, according to Alto Research. Something is loading. Lumber prices surged as…

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