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North America
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Lumber prices fall as US mortgage rates hit 14 year high
North American lumber prices fell Wednesday as US mortgage rates hit the highest level in 14 years, pulling back from an earlier rally amid fears of a possible rail strike. Data from the Mortgage Bankers Association showed that the rate on a 30-year … Continue reading →
The post Lumber prices fall as US mortgage rates hit 14 year high appeared first on Timber Industry News.
N. American softwood lumber prices rise 10%, despite weak housing market
North American softwood lumber prices broke a three-week losing streak and edged higher on Friday, extending its three-day rally to as much as 10% at $506 per thousand board feet. The gains come despite continued headwinds in the housing market, particularly …
Outlook for N. American softwood lumber prices for this autumn
In August, the lumber futures price did not fall below the August 2021 $448 low. On September 1, the price of nearby futures was above that price, but the trend remained lower. The current environment favors a consolidation period, and … Continue reading →
The post Outlook for N. American softwood lumber prices for this autumn appeared first on Timber Industry News.
