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May 10, 2022
North American lumber prices fall to their lowest level in 2022
Lumber prices fell below $800 on Monday to hit their lowest level of 2022. The 30% year-to-date decline in lumber prices comes as mortgage rates hit a 13-year high. A recent homebuilder survey revealed a slowdown in demand due to surging mortgage rates. North American lumber prices fell as much as 6% on Monday to hit its lowest level so far this year, falling below $800 and hitting a low of $780 per thousand board feet. The decline extends an already tough year ...
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