N. American lumber prices climb 26% in October despite housing market slowdown

N. American lumber prices climb 26% in October despite housing market slowdown
     North American lumber prices have rallied 26% so far in October, but further gains may be limited as the housing market slows down.   The average 30-year fixed mortgage rate hit 7% in amid the Fed's ongoing rate hike policy.   "At 7% interest rates, I wouldn't expect lumber to do much for a while," MaterialsXChange's Ashley Boeckholt said.    N. American lumber prices have staged an impressive rally so far in October, rallying 26% even as the housing market shows further signs of cooling down.  ...

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!
Checkout Options
Yearly subscription - 290€/12 months
password strength indicator
Additional Info




We Accept PayPal
Billing Address

Keywords