Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Statistics / Wood construction / Wood Products / Global / North America
August 31, 2022
N. American lumber prices fall to new low as housing market continues to cool off
North American lumber prices fell 4% to a new 2022 low on Tuesday as the housing market continues to cool off. The decline came on the same day Goldman Sachs warned that it expects a continued decline in the housing market. "The sustained reduction in affordability, waning pandemic tailwind, and recent decline in purchasing intentions suggest that home sales are likely to fall further," Goldman said. North American lumber prices fell to a new 2022 low on Tuesday as higher mortgage rates continue to weigh on a slowing housing market ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!