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Another sign of how rising interest rates are deflating markets that boomed during the Wuhan coronavirus (COVID-19) pandemic can be seen in lumber prices, which have started crashing down. Wood [...]
"Similar to other locations, lumber remained weak," JPMorgan said in a recent channel check of home improvement stores like Home Depot and Lowes.
After rising during the first year of the pandemic, lumber prices have fallen dramatically.
Gary Zauner joined Random Lengths (now a part of Fastmarkets) upon the merger with Crow’s, where he worked for 20 years, most recently as editor. He began a career in the forest products industry in 1981, where he worked for 11 years at various jobs, including sales and management. His expertise is in North American lumber and wood panel markets. He covers mill production and prices in all major wood products markets. He provides editorial support to Fastmarkets wood products news and analysis. He hold a bachelor’s degree in English with a minor in professional writing from Portland State ...
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