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 → The post Lumber prices fall as US mortgage rates hit 14 year high appeared first on Timber Industry News.

SYP Lumber Prices Stabilize; Is More Volatility Around the Corner?

By late June, the price for finished southern yellow pine (SYP) lumber had tumbled 59% from its 2022 high mark of $1,136/MBF. Prices then subsequently bounced back, but weekly price movement has been range bound between ~$100 for the last 12 weeks, which is a departure from the wild volatility that was the norm over the last two years.

European softwood lumber exports to US double yoy; export prices fall

European softwood lumber exports to the USA almost doubled in the first seven months of the year, with the pace of growth lower in valuer terms, as export prices have been slightly lower as compared to last year. (see price … Continue reading → The post European softwood lumber exports to US double yoy; export prices fall appeared first on Timber Industry News.