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April 18, 2022
North American lumber prices could rebound on tight supply despite recent fall
Lumber prices are down more than 20% this year but are poised to gain upward traction, experts told Insider. Futures pricing for lumber suggest demand is building up for summertime projects. Higher interest rates have dampened demand in the housing market so far this year. The scorching rise in lumber prices last year hasn't been able to continue in 2022, but this year still holds the potential to see prices rise back to the $1,000 mark as demand for the building material perks up within a tight supply ...
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North American lumber producers are cutting back production, a signal that higher interest rates are taking rootCompanies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Statistics / Wood Products / Global / North America