US lumber futures have rallied in November, fueled by strong home construction and remodeling activity amid the pandemic. Lumber prices are making an unusual late-season climb, thanks to builder-friendly autumn weather and suppliers stocking up for what they expect to be another big year for home construction, the Wall Street Journal (WSJ) reported. Lumber futures have shot up 24% so far in November, closing Thursday at $616.90 per thousand board feet. That’s a lot lower than the record $1,000 hit this summer during America’s pandemic-induced ...
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