North American softwood lumber prices are seeking direction as the housing market finally shows signs of slowing down. A recent reprieve in mortgage rates helped boost lumber prices in early July, but those gains have tapered off. Homebuilder confidence has cratered to levels not seen since the start of the pandemic. An equilibrium in supply and demand may have finally been met for N. American softwood lumber prices, which have sought direction in recent weeks. The essential building commodity is trading about ...
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