Lumber Prices Hover Near Recent Lows as New Home Construction Sinks and Mortgage Rates Jump to Highest Since 2008

Lumber Prices Hover Near Recent Lows as New Home Construction Sinks and Mortgage Rates Jump to Highest Since 2008

Housing starts dropped 14.4% in May from the prior month to a 1.55 million annualized rate, the lowest in more than a year.

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Business Insider

https://markets.businessinsider.com/news/commodities/lumber-prices-mortgage-rates-applications-housing-starts-fed-rate-hikes-2022-6