Lumber futures prices futures data show lumber prices holding

Futures data show lumber prices holding $554 amid a balanced buyer-seller market. Incremental inventory gains from Southern U.S. mills may cap aggressive upward moves in the coming week. So, even if you're planning to buy American-made furniture, some of the wood used to build those pieces may be imported for whatever reason, meaning you're going to see the brunt of the added cost of those tariffs on your bill. Plus, if American makers are no longer competing with foreign furniture makers, they can raise their prices due to a lack of competition. When there's competition, businesses will lower prices to compete and get sales. Furniture is one household items homeowners should stock up on with tariffs looming . Lumber futures dropped to the lowest level in nearly a year Friday, indicating weaker homebuilding demand and a glut of wood on the market. Lumber futures prices edged higher to $560 as hedge funds add positions, betting on extended demand into summer. The spread between spot and futures reflects anticipated tightening in supply.