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Lumber Futures Climb To 8-Year High

Lumber futures have climbed to their highest level since 2005 and they have gained around 9% this year, with most of that gain seen just this month as the outlook for U.S. housing improves. “Lumber, like other raw commodity goods, is a good indication of economic...

U.S. Home Building Drives Up Lumber Prices

U.S. lumber prices are near an eight-year high as demand for the staple commodity of the American housing sector has risen on the back of a pick-up in new home construction. Lumber – or sawn timber – futures contracts for March delivery stood at $380 per 1,000 board...