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☆ Lumber prices have plunged 24% as this year's home builder season fails to meet expectations
  + stars: | 2024-06-27 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Lumber prices are down 24% from their mid-March peak amid subdued home-building activity. The combination of oversupply and falling demand for lumber are driving prices down, say industry experts. AdvertisementLumber prices have plunged this year as the peak home-building season falls flat amid subdued demand. Putting added pressure on lumber prices is that the commodity is experiencing a period of oversupply. And falling demand combined with rising supply can be a powerful dynamic that puts downward pressure on prices.
Persons: —, Josh Goodman, Goodman, Kyle Little, Little Organizations: Service, Sherwood Lumber, Product
☆ Sherwood Lumber: Any time there's an indication of hope on the interest rate cycle, we see a surge in demand and uptick in lumber prices
  + stars: | 2023-03-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSherwood Lumber: Any time there's an indication of hope on the interest rate cycle, we see a surge in demand and uptick in lumber pricesKyle Little, COO of Sherwood Lumber, discusses the steep fall in lumber prices over the past year, and how that's playing through to the housing market and home improvement retailers.
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