Why Are Lumber Futures Down at Jasper Romero blog

Why Are Lumber Futures Down. The cash market — meaning the actual physical. In the lumber futures market, prices are down even more—dropping 47% since going above $1,700 on may 10. Since march, with interest rates rising, the housing market cooling, and new home construction falling, demand for lumber has declined—and prices have followed suit. Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for july. Lumber prices may have fallen, but they are still elevated, creating new headaches for the critical housing sector. The factors behind lumber’s price moves are varied and complex, but, as always, it all comes down to supply and demand. The lumber futures market keeps hitting new highs, surpassing $1,400 per 1,000 board feet, and things might be about to get even wilder. Lumber prices have come full circle in the years following the pandemic — reaching record highs in 2021, then falling to record lows.

Are Lumber Prices Going Down in 2023? Lumber Yard Insight
from www.capitolcitylumber.com

The lumber futures market keeps hitting new highs, surpassing $1,400 per 1,000 board feet, and things might be about to get even wilder. Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for july. In the lumber futures market, prices are down even more—dropping 47% since going above $1,700 on may 10. The factors behind lumber’s price moves are varied and complex, but, as always, it all comes down to supply and demand. Since march, with interest rates rising, the housing market cooling, and new home construction falling, demand for lumber has declined—and prices have followed suit. Lumber prices have come full circle in the years following the pandemic — reaching record highs in 2021, then falling to record lows. The cash market — meaning the actual physical. Lumber prices may have fallen, but they are still elevated, creating new headaches for the critical housing sector.

Are Lumber Prices Going Down in 2023? Lumber Yard Insight

Why Are Lumber Futures Down Since march, with interest rates rising, the housing market cooling, and new home construction falling, demand for lumber has declined—and prices have followed suit. The cash market — meaning the actual physical. The lumber futures market keeps hitting new highs, surpassing $1,400 per 1,000 board feet, and things might be about to get even wilder. Since march, with interest rates rising, the housing market cooling, and new home construction falling, demand for lumber has declined—and prices have followed suit. Lumber prices may have fallen, but they are still elevated, creating new headaches for the critical housing sector. Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for july. The factors behind lumber’s price moves are varied and complex, but, as always, it all comes down to supply and demand. In the lumber futures market, prices are down even more—dropping 47% since going above $1,700 on may 10. Lumber prices have come full circle in the years following the pandemic — reaching record highs in 2021, then falling to record lows.

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