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June 13, 2022

N. American lumber prices sink further as homebuyers lose affordability

N. American lumber prices sink further as homebuyers lose affordability
   North American lumber prices are spiraling as red-hot house prices and the rising cost of mortgages is hitting affordability.   Nearly 80% of National Housing Survey respondents reported now is the worst time to buy a home.   It's set to worsen as Americans foresee their financial situations deteriorating over the next year.    Lumber prices have been on a steep decline as a combination of rising interest rates, record-high inflation and a red-hot housing market translate into fewer people being able to afford to buy their own home ...

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