NAHB urges Trump administration to negotiate new softwood lumber agreement with Canada 'that will provide a fair and equitable solution to all parties and eliminate tariffs altogether'
Lumber futures were trading at $454 per thousand board feet Monday after ascending to $539 per thousand board feet the week earlier, according to numbers tracked at Nasdaq.com
In an Aug. 8 video to agents sure to cause a stir, Altos Research founder and CEO Michael Simonsen posits that the worst the industry may face is a contraction, not a crash
The price of lumber took a big dip to start the week, just the latest unexpected shift in the cost of building a new home
Booming buyer demand, withering US lumber supplies and a tariff hike on Canadian softwood have pushed lumber prices to a pandemic high, with sales contracts closing at $950 Wednesday
Builders got a break in August from the price increases of previous months, but the unpredictable swings in costs remained unwelcome
Opinion
The recent onslaught of wildfires and accompanying smoke blanketing many states are combining with the pandemic with deadly results. It is not just personal health that is being affected — there are significant implications for real estate as well
Despite a decline in starts, which reflected curbed confidence in June amid mellowing lumber prices, experts said gains made in permit applications were a positive sign
Opinion
Even though lumber prices have ticked down a bit recently, they're still drastically up from where they were last year. So, what's happening?
Lumber prices remain high, but builders say a host of factors prevents them from switching to other materials
After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, prices are starting to come down
The Housing Market Index dropped to 81 in June, down from 83 the previous month, according to the National Association of Home Builders and Wells Fargo
What's the best time to build, you ask? Right now. Yes, even with commodity prices up. When clients decide to build a home, there are more factors to consider than just the price of lumber
Opinion
The inventory shortage isn’t going to last forever. In the meantime, studying the economy, real estate market statistics and particularly the new home construction process will make you a fierce competitor in today’s market and the future
Pandemic-fueled housing demand is finally beginning to catch up with years of oversupply in the timber industry that resulted from the 2008 financial crisis