‘Frenzied’ Lumber Market Touches New Record Amid Wild Swings
- Futures in Chicago both rise and fall by $48 exchange limits
- Supply uncertainty is coming during peak U.S. home-building
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Lumber prices in Chicago rose to new record highs Tuesday, with uncertainty about wood supplies hitting at a time when the building products are most in demand.
It’s peak home-building season in the U.S., and that’s clashing with a lumber supply chain that’s being dogged by everything from trucking delays to worker shortages.