Post by
laurencelefou on May 30, 2022 4:11pm
Lumber price
Chicago lumber futures were trading around the $650-per-thousand-board-feet mark, a level not seen since last November and now roughly 60% down from a 10-month peak of $1,480 touched in March, as rising mortgage rates and inflation have dampened demand despite the looming summertime construction season. New home sales in the United States sank 16.6% month over month to a seasonally adjusted annual rate of 591,000 in April of 2022, the fourth month of falls and the lowest level in two years.
https://tradingeconomics.com/commodity/lumber