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June 13, 2022
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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