14-day Premium Trial Subscription Try For FreeTry Free
The longtime barometer of wood prices and building activity is being replaced with a new lumber-futures contract in an effort to boost trading.
When it comes down to it, lumber is at the core of my research. It's now been eight years since my original research paper talked about the relationship between lumber and gold and how its predictive
Buffeted by housing market headwinds and tailwinds, lumber has made headlines as one of the most volatile commodities of recent years. What conditions in the broader economy have impacted lumber price
Commodities ran hot in 2022, and despite a more muted second half, fared well in a tough year that saw both stocks and bonds falter.
Lumber was one of 2022's worst commodity performers, and it has been volatile at the start of this year, but prices may gain on the back of a housing shortage.
"If the homebuilders' January momentum proves sustainable
The National Association of Realtors said it expects the median home price to increase 0.3% this year, compared to a near-10% gain in 2022.
A further rise in lumber prices would be a positive for producers, but not so much for consumers who are still reeling from high levels of inflation.
"NAHB is expecting weaker housing conditions to persist in 2023 and we forecast a recovery coming in 2024," economist Robert Dietz said.
Yahoo Finance Live's Brian Sozzi breaks down the chart of the day which looks at lumber prices.

What's Driving the Fall in Lumber Prices?

05:16pm, Tuesday, 06'th Dec 2022
Lumber prices, a vital barometer of the state of the US economy, are down 60% on the year. What's the source of the pressure on lumber prices, and what can that tell investors about the outlook for th
"At 7% interest rates I wouldn't expect lumber to do much for a while," Ashley Boeckholt of MaterialsXchange told Insider.

Lumber prices drop back to pre-pandemic levels

04:41pm, Tuesday, 27'th Sep 2022
Yahoo Finance reporter Ines Ferre looks at the price action for lumber, which is down 64% year to date.
Lumber prices have dropped by more than 60% so far this year, but don't count on a recovery soon. Higher interest rates and inflation will continue to slow demand for single-family homes.
Lumber prices have dropped by more than 60% so far this year, but don't count on a recovery soon. Higher interest rates and inflation will continue to slow demand for single-family homes.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE