Lumber prices have plunged 24% as this year's home builder season fails to meet expectations. Prices have returned to pre-COVID levels, driven by a record drop in U.S. housing affordability and a post-pandemic double bubble 'hangover.' High borrowing costs are also contributing to the decline, indicating that residential construction and home-improvement markets are struggling, via @WSJ.
Lumber prices are plunging. Blame the record drop in U.S. housing affordability and a post-pandemic double bubble "hangover." https://t.co/TmBTC6w2LG
Falling lumber prices are a sign that residential construction and home-improvement markets are buckling under high borrowing costs https://t.co/Ehydj5B3rv via @WSJ
Lumber prices are plunging. Blame the record drop in U.S. housing affordability and a post-pandemic double bubble ‘hangover’ https://t.co/nzRwXp9pKu
Lumber prices are back to pre Covid levels https://t.co/8TaunxUzj1
Lumber prices have plunged 24% as this year's home builder season fails to meet expectations https://t.co/DdPqc54ppM