Lumber Prices and Rising Rates Take a Toll on Builder Confidence

Escalating costs took a toll on builder confidence this month. The National Association of Home Builders (NAHB) said its Housing Market Index dipped two points from its February level. At 82 it is down 8 points from the all-time high it established last November. NAHB’s chief economist Robert Dietz said, while there is still a high […]

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Update: Framing Lumber Prices Up 65% Year-over-year

Here is another monthly update on framing lumber prices.   This graph shows CME framing futures through Oct 2nd. Click on graph for larger image in graph gallery. This is down sharply from late August, but still up 65% year-over-year. There is a seasonal pattern for lumber prices, and usually prices will increase in the Spring, […]

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