Rising gas prices fuels businesses to make changes
The floral and lumber industries are just two examples.
Source: mynbc5.com
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Lumber Prices Pop 29% in February As Reopening Spurs Commodities Rally
Prices for iron, oil, soybeans, and fertilizer have also pointed higher amid cold winter weather, geopolitical tensions, and supply chain disruptions.
Source: businessinsider.com
Lumber Prices Sink 30% in 2 Weeks As Mortgage-Rate Jump Hits Home Sales
A surge in mortgage rates contributed to a decline in pending home sales last month, according to the National Association of Realtors.
Source: businessinsider.com
How Climate Change Helped Fuel the U.S. Lumber Shortage
The Atlantic Blame climate change, wildfires, hungry beetles … and Millennial home buyers. Joe Sohm / Visions of America / Universal Images Group / Getty Every week, our lead climate reporter brings you the big ideas, expert analysis, and vital guidance that will help you flourish on a changing planet. Bitcoin? Blasé. Gold? Going out of style. “The hottest commodity on the planet,” according to Dustin Jalbert, an economist at the market-research firm Fastmarkets, is lumber. In North America, lumber is typically traded in units of 1,000 board feet; builders need about 15,000 board feet...
Source: theatlantic.com