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Lumber Futures Dive Amid Housing Market Crisis

5/6/2025

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Summary

Story summary

Lumber futures have plummeted below $550 per thousand board feet for the first time since June 2024, fueled by an oversupply and a staggering 14.2% decline in US single-family housing starts. The National Association of Home Builders raises alarms about tariffs jeopardizing housing affordability, adding to the challenges posed by soaring interest rates and labor shortages.

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Story summary

Lumber futures have plummeted below $550 per thousand board feet for the first time since June 2024, fueled by an oversupply and a staggering 14.2% decline in US single-family housing starts. The National Association of Home Builders raises alarms about tariffs jeopardizing housing affordability, adding to the challenges posed by soaring interest rates and labor shortages.