N. American lumber prices under pressure

N. American lumber prices under pressure
     Lumber futures are coming under pressure as the housing market gets more restrictive for new buyers.   Lumber prices remain subdued below critical support at $1,000 per thousand board feet.   Mortgage rates surged above the 5% level on Tuesday for the first time in years.    Lumber futures are struggling to reclaim a crucial support level as the housing market gets more restrictive for first time home buyers thanks to surging mortgage rates.    Lumber prices per thousand board feet fell 1.5% on Tuesday, remaining ...

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