The lumber market in North America, as we approach spring 2024, presents a nuanced picture. Despite recent declines in wood prices, there's a belief that the downside for lumber is limited. However, there's also an anticipation that when the Federal Reserve eventually cuts rates, it could open up opportunities for home buyers, potentially leading to an explosive upside for lumber prices. As of February 27, 2024, nearby physical lumber prices in North America stood at $564 per 1,000 board feet. However, contrary to historical trends, there hasn't been the usual spring rally in lumber prices ...
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