Can North American lumber prices rally this spring?

North American lumber prices tend to peak during spring and summer as new home construction increases. The Fed’s pivot to a more dovish monetary approach could send mortgage rates down over the coming months, pushing lumber demand and prices higher.  The latest economic data shows inflation remains a nagging economic condition Over the past months in late 2023, inflationary pressures had been receding, with the consumer and producer price index data moving towards the Fed’s 2% target level. The signs that inflation was under control caused the Fed to pause its rate hikes. Moreover, the central ...