Lumber price have probably found a bottom at current levels, but will remain higher than average for the next few years, a lumber trader told Insider. Stinson Dean, CEO and founder of Deacon ...
Lumber prices are rallying again and are scaling above seven-month highs as three key trends drive the red-hot commodity upward, according to Joe Sanderson of Domain Timber Advisors. Lumber ...
And then there was lumber mania, when lumber prices soared to records. Once we all were cooped up in our homes, many people looked around, realized they hated their abodes, and decided it was time ...
Canadian sawmills supply a lot of the lumber that is used to build U.S. houses. (Angus Mordant/Bloomberg News) One of the biggest consequences of a tariff on imports from Canada would be pricier ...
Like crude oil and copper, lumber prices indicate economic health and well-being. Moreover, lumber is a barometer of the demand for new housing, as those two-by-fours are crucial ingredients in ...
VANCOUVER, BC, Nov. 20, 2024 /CNW/ - The Madison's Lumber Prices Index for the week ending November 15, 2024 was US$495 mfbm. This is up +3%, or +$14, from the previous week when it was US$481.
Overall, lumber prices are up significantly in mid-2023, with the benchmark lumber futures contract climbing to $540 as of July 24 after hitting a high near $590 in mid-July – up from $483 back ...
(Bloomberg) -- US lumber prices, which already have risen in recent months due to lower production in Canada, could see further gains after President-elect Donald Trump’s proposed tariffs on ...
That is based on a historical pattern of higher duty rates whenever there are lower prices in lumber markets, which have been in a slump since the autumn of 2022. “There’s lots of incentive ...
Donald Trump said he wouldimpose25% tariffs on all goods from Canada and Mexico. US lumber prices, which already have risen in recent months due to lower production in Canada, could see further ...