N. American lumber prices can trend substantially higher over this year

Get ready for a lumber surge. The homebuilding business looks like it’s ticking up again after a tricky 2022. And with it investors should see lumber prices lift as well. “Lumber, we believe has made a major low,” writes Shawn Hackett, president of Hackett Financial Advisors. “The lumber market has likely made a major low and can trend substantially higher over this year.” Indeed, the prices of random length lumber futures shed two thirds of their value over the last 11 months. In mid January futures contracts fetched $344 per thousand board feet, down more ...