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Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are ...
Jul. 4—After climbing to record highs, lumber prices are finally starting to fall. The long-awaited break in the wood products market already is creating ripple effects in the Flathead Valley's ...
Analysts say higher interest rates are driving down wood costs, slowing new home sales and having an impact on new construction. Lumber prices drop as interest rates rise, home sales slow Skip to ...
Lumber prices. Presently there is a healthy lumber economy in the United States, directly employing about 500,000 people in three industries: Logging, Sawmill, and Panel. [62] Annual production in the U.S. is more than 30 billion board feet making the U.S. the largest producer and consumer of lumber. [62]
Capital Economics’ Samuel Burman believes the price of lumber should see a sharp drop by the end of 2022.InvestorPlace - Stock Market News, Stock Advice & Trading Tips That seems like a long ...
In 1996, the United States and Canada reached a five-year trade agreement, The Softwood Lumber Agreement, officially ending Lumber III. Under its terms, Canadian lumber exports to the United States were limited to 14.7 billion board feet (34.7 million cubic meters) per year. However, when the agreement expired on April 2, 2001, the two ...
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