Lumber prices on the world market fall by 20 percent in just 4 weeks. This means that lumber costs around the same again as it did at the last low point in November 2023. Mortgage interest rates in the USA are rising to over 7%. The cost of buying a home is the highest on record, says the largest US mortgage lender Freddie Mac. Lumber prices plummeted to around $500 per thousand board feet. In mid-March, softwood lumber was still trading at around USD 620. A fall in the price of lumber of around 20 percent in just ...
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!
