Lumber prices fell 6% today as mortgage rates reached a 14-year high. When the COVID-19 pandemic started in 2020, practically every market was affected in one way or another. Possibly none more so ...
Lumber prices fell Wednesday as US mortgage rates hit the highest level in 14 years, pulling back from an earlier rally amid fears of a possible rail strike, according to Markets Insider.
Forest products companies have endured a wild stretch over the past two years, with lumber prices quintupling during the pandemic and then fading back to something close to normal. The extreme ...
Lumber prices staged a 3-day rally of 10% despite continued headwinds in the housing market. The average 30-year mortgage rate closed in on 6% this week, hitting its highest level since 2008.
Lumber prices fell 6% Wednesday as US mortgage rates topped 6% for the first time in 14 years. Prices rose earlier in the week amid fears that a possible rail strike could disrupt supplies.
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MOORESVILLE, N.C., Sept. 6, 2022 /PRNewswire/ -- Lowe's Companies, Inc. LOW announced today it has agreed to sell $1.0 billion of 4.400% Notes due 2025, $1.25 billion of 5.000% Notes due 2033 ...
Each is in a unique position to push profits higher. In the past few years, lumber prices have moved much higher. Last year, we saw a big spike and it pulled back mid-year. Although, prices have ...