Barron’s: Lumber Prices Can’t Stop Falling. The Housing Market Is Struggling.
12/01/2022
“CME lumber futures have been, by far, the worst-performing commodity futures in 2022,” says Walter Kunisch Jr., senior analyst at HTS Commodities. The “lack of confidence in the U.S. housing market, amid the sharp rise in interest rates and mortgage rates, is creating headwinds and lackluster demand for lumber.”