Lumber

Lumber prices spike as wildfires cause producers to cut output, citing 'significant' supply chain challenges

12 days ago   |   Business Insider

The Bootleg Fire burns through vegetation near Paisley, Oregon, U.S., July 20, 2021 David Ryder/Reuters Lumber futures have jumped in recent days on concerns over the impact of...
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Dow plummets 726 points for worst day of 2021 as virus variants threaten global recovery

15 days ago   |   Business Insider

US stock market investors are feeling optimistic about the economy. Spencer Platt/Getty Images US stocks fell sharply to start the week as investors grow concerned about the...
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3 factors will keep lumber prices elevated despite a multi-week decline, an economist says

15 days ago   |   Business Insider   |   2 articles

A Lowe's employee stocks lumber inside the home improvement store in New York. Reuters/Shannon Stapleton As the price of lumber stabilizes, more bouts of volatility lie ahead...
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Biden wants to address the housing shortage. He just called a White House meeting with builders and labor unions

16 days ago   |   Business Insider   |   3 articles

A red-hot real-estate market has kickstarted new home construction, but builders face a shortage in lumber. Chris Delmas/AFP/Getty Images Top Biden officials met with...
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10 things before the opening bell

16 days ago   |   Business Insider   |   3 articles

Spencer Platt/Getty Images Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here. Plus, sign up here for Insider Investing, our weekly...
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Lumber prices will fall back to pre-pandemic levels within a year amid considerable volatility, investment chief says

18 days ago   |   Business Insider   |   2 articles

Josef Mohyla/Getty Images The price of lumber futures has fallen to its lowest level since November 2020, erasing this year's dizzying gains. An investment chief says the price...
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Lumber prices are on a roller coaster. They might remind Warren Buffett of the time he doubled his money on a timber company

18 days ago   |   Business Insider

Warren Buffett. REUTERS Lumber prices have skyrocketed and plunged in the past 18 months due to the pandemic. Warren Buffett once doubled his money with a clever bet on Arcata...
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Global stocks waver after Fed's Powell says surging US inflation will fade

20 days ago   |   Business Insider

Spencer Platt/Getty Images US stocks looked set to open lower on Thursday as investors digested Jerome Powell's comments. The Fed chair presented a dovish testimony to Congress...
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US stocks trade mixed as Powell reiterates in testimony that inflation will pass

20 days ago   |   Business Insider   |   2 articles

A trader blows bubble gum during the opening bell at the New York Stock Exchange on August 1, 2019, in New York City. Johannes Eisele/AFP via Getty Images US stocks ended...
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Lumber prices continue to fall, and are headed to as low as $350 by August, an analyst says

20 days ago   |   Business Insider

Lumber prices plummeted in June. Carolyn Cole/Getty Images An analyst says the price of lumber will sink to as low as $350 by end of August. Still, the industry will continue...
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