Lumber prices hit their lowest level since June 2020 on Monday as the housing market continues to slow. High mortgage rates have helped slow down home sales and lead to slight home price declines. Home builder confidence fell for an 11th straight month in November to its lowest level in a decade. The continued slowdown in the US housing market has taken its toll on lumber prices, which fell to its lowest level since June 2020 on Monday. The essential building commodity tumbled 9% in three ...
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