Grim prospects for US lumber market this year as housing slump deepens

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Energy crisis and inflation still driving global timber industry production cuts, shutdowns

Lumber prices plunged 66% last year as the once red-hot US housing market faltered – and the commodity’s troubles will likely continue in 2023, according to experts. The Federal Reserve’s campaign to quell inflation fueled an unprecedented surge in mortgage … Continue reading →

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Grim prospects for US lumber market this year as housing slump deepens

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Energy crisis and inflation still driving global timber industry production cuts, shutdowns

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Grim prospects for US lumber market this year as housing slump deepens

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