Global lumber prices fell sharply in early June. The reason is falling demand. High mortgage interest rates are preventing people from building and buying houses in the USA. The outlook for 2024 is very pessimistic. Improvement is not expected until 2025. Lumber prices fell well below US$500 per 1,000 board feet (mbf) in June (see chart below). This is a new eight-month low for global lumber prices . In March, lumber was still trading at a good USD 620. That is a price drop of more than 20 percent for lumber in just under 3 months ...
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