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August 31, 2022

N. American lumber prices fall to new low as housing market continues to cool off

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 ...

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