U.S. lumber futures reach more than two-year high

U.S. lumber futures surpassed $630 per thousand board feet in February, the highest since October 2022, due to tariff concerns and tightening supply. U.S. President Trump reaffirmed Monday that tariffs on Canadian and Mexican imports, remain "on time and on schedule," despite both nations' efforts to bolster border security and curb fentanyl flows ahead of the March 4th deadline. The National Association of Home Builders warned that higher tariffs on lumber and gypsum could push prices up 40%, worsening affordability and slowing the housing market’s recovery. Meanwhile, U.S. building permits edged up 0 ...