Rapidly Rising Mortgage Rates Finally Impact the Price of Lumber, Durable Goods Are Next – Mish Talk

Rising mortgage rates and  slowdown in housing make it pretty clear we’ve seen the peak in lumber prices for this cycle. 

I expect to see lumber prices return to their historical norms in the $250-$400 range.

The following chart helps explain. 

30-Year mortgage Rates 



Source link

Add a Comment

Your email address will not be published. Required fields are marked *