Demand for lumber is collapsing in North America. The reason: Mortgage interest rates are rising dramatically and housing starts are plummeting. Lumber is trading at around $500 per thousand board feet (mfbm) on the futures market at the end of April. In mid-March, lumber was still trading at just over USD 620. That's a drop in the price of lumber by around 20 percent in just a few weeks. The last time there were similar low wood prices on the futures market was in November last year. The main reason for the price drop is ...
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