Lumber Prices Are Falling With a Thud. Softer Housing Sales Are Hammering Demand.

You can almost hear the sound of falling lumber prices, with probably more to go. The Federal Reserve’s slow-but-steady war on inflation will crimp demand for wood used in the home-building industry, sending prices down by almost 50%, experts say.

“With reduced disposable income and higher interest rates, it’s very hard to see the confidence for buying homes at these prices,” says Shawn Hackett, president of Hackett Financial Advisors. In other words, inflation plus rising mortgage costs will dent housing and in turn reduce…

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