Wood-pricing service Random Lengths said that its framing-lumber composite index dropped in the last week of 2022 to $380, down more than 70% from early March and the lowest since May 2020. Benchmark wood-panel prices are down more than 80% from their peak earlier this year and lumber futures have fallen back to about where they traded before Americans emerged from lockdown on a building binge. Higher interest rates are mostly to blame. Rising borrowing costs snuffed out the rally in home-construction and now imperil the remodeling boom, giving lumber yards little ...
Register for unlimited access
We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!
