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Timber! Lumber prices are falling hard
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 79921326:MV81MTU3Mjg0Xzk0NzE0OTk4XzRCRjYzNDY0] [quote:Anonymous Coward 82667312:MV81MTU3Mjg0Xzk0NzE0OTc4X0Q1NzUxOUVB] [quote:Anonymous Coward 82609303:MV81MTU3Mjg0Xzk0NzE0NjczXzQ5RkI4NzVG] Demand is dropping off a cliff around here (western PA). Homes that were finished a month ago are still sitting with nobody to buy them, not even BlackCock. Just wait until mortgage rates hit 8%. With the "offical" inflation rate hitting 8.6% that means the real inflation rate is pushing 24-26% that means 8% on a 30 year is guaranteed even with 830 credit score and zero debt!!! [/quote] demand here just fucking completely stopped in 2 weeks like the lights fucking went out property prices dropped 25% its the interest rate shock you cannot sell a property anymore to anyone who will loan out 500k with interest rates spiking [/quote] Which state are you in?? [/quote]
Original Message
Lumber dealers have experienced a seesaw of emotions over the past couple of years.
During the pandemic, supply chain issues and a rise in home projects caused lumber prices to skyrocket.
But a shifting macroeconomic environment has left many dealers stumped, per WSJ, with lumber futures dropping 52% since early March.
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