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$29.73
-0.220 (-0.735%)
At Close: Jul 31, 2026
Lumber plays ‘canary in the coal mine', cues downturn in commodities
01:57pm, Thursday, 14'th Jul 2022
The lumber market has taken some big hits from rising inflation and a slowdown in the housing market, with lumber prices down more than 40% in the first six months of the year. They could fall still f
Lumber prices surge 7% as mortgage rates fall for the first time in 4 weeks
04:26pm, Thursday, 30'th Jun 2022
Lumber prices are still down 63% from their May 2021 high of $1,733 per thousand board feet, and are down 43% year-to-date.
Lumber prices fall as mortgage rates hit fresh 13-year high to edge closer to 6%
01:12pm, Thursday, 23'rd Jun 2022
"Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year," Freddie Mac's chief economist said.
Lumber prices hover near recent lows as new home construction sinks and mortgage rates jump to highest since 2008
12:24pm, Friday, 17'th Jun 2022
The average 30-year fixed-rate mortgage climbed 25 basis points to 5.65% for the week ended June 10, the highest level since late 2008.
Lumber is going to trade at a higher range, says Sherwood Lumber's Kyle Little
02:21pm, Thursday, 09'th Jun 2022
Kyle Little, Sherwood Lumber COO, joins 'The Exchange' to discuss the housing slowdown's impact on the lumber market.
Lumber prices just hit their lowest point in 9 months as mortgage demand sinks to levels not seen in 2 decades
09:53am, Thursday, 09'th Jun 2022
"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.
Lumber prices see no relief and continue to drop as Fed rate hikes put pressure on the housing market
01:22pm, Friday, 03'rd Jun 2022
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.
Lumber Prices Drop After Early Pandemic Boom
02:44pm, Wednesday, 01'st Jun 2022
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
Lumber prices fall as the Fed battles inflation
01:37pm, Tuesday, 31'st May 2022
Yahoo Finance Live anchors Brian Cheung and Akiko Fujita break down the chart of the day.
Lumber prices fall to new 2022 low as April existing home sales hit lowest level since the start of the pandemic
12:59pm, Thursday, 19'th May 2022
"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.
Lumber falls to fresh 2022 lows as spike in mortgage rates cools housing demand and inflation puts dent in home renovations
01:40pm, Tuesday, 12'th Apr 2022
"Buyers remained cautious in light of heightened lumber prices, inflation concerns, and rising mortgage rates," Bank of America said.
Lumber prices are flirting with a crucial level as mortgage rates jump above 5% for first time in years
04:32pm, Tuesday, 05'th Apr 2022
Surging mortgage rates will only add to the barriers faced by consumers in the already restrictive housing market.
Lumber prices fall 22% in March as housing market cools on soaring mortgage rates
12:48pm, Wednesday, 23'rd Mar 2022
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.
Lumber prices are up 29% in February as pace of economic reopening sparks new rally in global commodities
02:45pm, Wednesday, 09'th Feb 2022
Prices for iron, oil, soybeans, and fertilizer have also pointed higher amid cold winter weather, geopolitical tensions, and supply chain disruptions.
