Invesco MSCI Global Timber ETF News

Kyle Little, Sherwood Lumber COO, joins 'The Exchange' to discuss the housing slowdown's impact on the lumber market.

"Some parts of town where finished homes are now taking a month to sell versus hours. Market is definitely correcting," a home builder in Texas said.

Fed Vice Chair Lael Brainard told CNBC it's "very hard to see the case" to pause its interest rate hikes until inflation is tamed.

After rising during the first year of the pandemic, lumber prices have fallen dramatically. The Wall Street Journal is reporting that lumber futures for July delivery ended Friday at $695.10 per thous

Yahoo Finance Live anchors Brian Cheung and Akiko Fujita break down the chart of the day.

"It looks like more [home sales] declines are imminent in the upcoming months, and we'll likely return to the pre-pandemic home sales activity."

Futures pricing "tells me is there's still a long-term, bullish supply-demand situation in lumber," said commodities analyst Darin Newsom.

"Buyers remained cautious in light of heightened lumber prices, inflation concerns, and rising mortgage rates," Bank of America said.

Surging mortgage rates will only add to the barriers faced by consumers in the already restrictive housing market.

The average traditional 30-year fixed mortgage rate hit 4.72% on Tuesday, representing a big jump since the Fed began hiking interest rates last week.

Prices for iron, oil, soybeans, and fertilizer have also pointed higher amid cold winter weather, geopolitical tensions, and supply chain disruptions.

A surge in mortgage rates contributed to a decline in pending home sales last month, according to the National Association of Realtors.

Timber sector-related exchange traded funds are gaining momentum as lumber prices rebound on wet weather conditions affecting supply and a cardboard box boom adding to demand. During the past month, t

Lumber futures rose for the fourth-straight session on Friday to their highest level since June 2021.

Lumber saw a whirlwind of action last year, with a rally to an all-time high in prices followed by a slump to one-year lows, and a recovery that led to the commodity's strongest quarterly performanc