US lumber prices continue to climb as supplies tighten

Sales momentum and tighter supplies pushed U.S. framing lumber prices higher across multiple species. Despite rising mortgage interest rates, positive sentiment from single-family homebuilders grew, with traders awaiting the release of September housing starts last Friday. The Random Lengths Framing Lumber Composite Price marked its third consecutive weekly increase, climbing by $8 to reach $411, the highest level since April. In the Western S-P-F market, buyers topped up limited inventories, with some securing occasional insurance loads due to perceived supply constraints. Several mills raised prices after nearly every sale, though the highest levels remained ...