Lumber futures prices market reports show lumber futures

Market reports show lumber futures prices at $555, with the rally fueled by strong Midwest home construction activity. Analysts warn of potential pullbacks if mortgage rates climb above 7%, affecting builder demand. When Trump slaps a 50 percent tariff on kitchen cabinets from abroad, American importers — not the foreign companies manufacturing the cabinets — pay that tax. They then pass those costs along to builders, who pass them to homebuyers. If a developer was planning to install $15,000 worth of imported cabinets in a new home, they’re now looking at an extra $7,500 in costs. Multiply that across appliances, fixtures, lumber, and steel, and the numbers add up fast. Information on our international website (as selected from the globe drop-down) can be accessed worldwide and relates to Saxo Bank A/S as the parent company of the Saxo Bank Group. Any mention of the Saxo Bank Group refers to the overall organisation, including subsidiaries and branches under Saxo Bank A/S. Client agreements are made with the relevant Saxo entity based on your country of residence and are governed by the applicable laws of that entity's jurisdiction. Lumber futures prices are trending sideways around $548, as mixed U.S. housing permits data tempered earlier gains. Market sentiment is cautious but underpinned by low inventory at wholesalers, creating potential volatility in the next few sessions.