Lumber prices on the world market fall by 20 percent in just 4 weeks. This means that lumber costs around the same again as it did at the last low point in November 2023. Mortgage interest rates in the USA are rising to over 7%. The cost of buying a home is the highest on record, says the largest US mortgage lender Freddie Mac. Lumber prices plummeted to around $500 per thousand board feet. In mid-March, softwood lumber was still trading at around USD 620. A fall in the price of lumber of around 20 percent in just ...