Timber! Lumber prices fall from historic highs
Lumber prices have dropped sharply in recent months, leading other commodities down from the levels seen after Russia’s invasion of Ukraine. A surge in home prices and an uptick in mortgage rates have deterred home buyers, home renovators and builders, dampening demand for lumber. Our commodities experts discuss the outlook for prices that are still higher than their pre-pandemic averages. John Anton, director, Pricing and Purchasing, S&P Global Market Intelligence https://experts.ihsmarkit.com/experts/anton-John Deni Koenhemsi, associate director, Pricing and Purchasing, S&P Global Market Intelligence https://experts.ihsmarkit.com/experts/koenhemsi-deni