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SYP Lumber Prices Stabilize; Is More Volatility Around the Corner?

By late June, the price for finished southern yellow pine (SYP) lumber had tumbled 59% from its 2022 high mark of $1,136/MBF. Prices then subsequently bounced back, but weekly price movement has been range bound between ~$100 for the last 12 weeks, which is a departure from the wild volatility that was the norm over the last two years.

U.S. builder confidence plunges as affordability woes mount: NAHB

Builder confidence plunged in July as high inflation and increased interest rates…

Housing Starts Tumble to Lowest Level in 17 Months

Published / Reported by FOREST 2 MARKET Source Article EXCERPT After a…

U.S. home builder sentiment hits two-year low in June as housing demand slows: NAHB

Rising inflation and higher mortgage rates are slowing traffic of prospective home…