Soft Demand For New Housing Crashed Lumber Prices Over 40% In Just 38 Days: BMO

By External Author |

Lumber prices are still making a nose dive, as supply catches up and demand softens. Last week we mentioned lumber prices have officially crashed from their all-time high. This week BMO economist Carl Campus wrote to clients that prices have fallen below US$1,000/mbf. This is the first time it fell below that mark since March. Lumber is still more expensive than before the pandemic, but prices are crashing hard.

Read More

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Daniel Wong

Original Article Posted on:  

Link to Original Article:  https://betterdwelling.com/soft-demand-for-new-housing-crashed-lumber-prices-over-40-in-just-38-days-bmo/

BACK