Lumber prices fall as US mortgage rates hit 14 year high

North American lumber prices fell Wednesday as US mortgage rates hit the highest level in 14 years, pulling back from an earlier rally amid fears of a possible rail strike. Data from the Mortgage Bankers Association showed that the rate on a 30-year … Continue reading...

Outlook for N. American softwood lumber prices for this autumn

In August, the lumber futures price did not fall below the August 2021 $448 low. On September 1, the price of nearby futures was above that price, but the trend remained lower. The current environment favors a consolidation period, and … Continue reading → The post...

Softwood lumber prices continue to drop in North America

Lumber prices usually drop around Labour Day (September 05) then keep falling until US Thanksgiving (late November), which normally marks the lowest prices of the year for wood products. Of course, we have not been in a normal year since … Continue reading → The post...