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Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Statistics / Wood Products / Global / North America
July 3, 2022

North American softwood lumber prices start to rise again

North American softwood lumber prices start to rise again
  North American softwood lumber prices surged more than 7% on Thursday as mortgage rates fell for the first time in four weeks.  The popular 30-year fixed mortgage rate fell 11 basis points to an average of 5.70% over the past week, according to Freddie Mac.  A continued decline in mortgage rates could help revitalize the housing market and stimulate demand for lumber.  North American softwood lumber prices surged more than 7% on Thursday to $638 per thousand board feet, representing the biggest daily gain for the essential building commodity in months.   ...

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