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February 29, 2024

Can North American lumber prices rally this spring?

North American lumber prices tend to peak during spring and summer as new home construction increases. The Fed’s pivot to a more dovish monetary approach could send mortgage rates down over the coming months, pushing lumber demand and prices higher.  The latest economic data shows inflation remains a nagging economic condition Over the past months in late 2023, inflationary pressures had been receding, with the consumer and producer price index data moving towards the Fed’s 2% target level. The signs that inflation was under control caused the Fed to pause its rate hikes. Moreover, the central ...

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