Southern Lumber Prices Continue to Inch Down
After jumping 12% in August due in large part to strong demand from the multi-family construction sector, US housing starts dipped by 8% in September. Single-family building continues a precipitous month-over-month (MoM) drop; starts for this segment are down 27% over the last 10 months to their lowest level since June 2020, as the homebuilding sector reflects the challenges of the larger housing market.
