One of the pandemic's biggest booms has finally gone bust

Tech Insider : Economy
Construction worker holding a lumber arrow on their shoulder; the lumber arrow is teetering up and down
Supply and demand were the culprits when lumber prices were soaring during the pandemic, and they've helped fuel the tumble, too.

Getty Images; Alyssa Powell/BI

Lumber prices defy the most recent surge in mortgage rates to extend 3-day rally to 10%

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Real estate agents work an open house
Real estate agents work an open house in West Hempstead, New York.

Raychel Brightman/Newsday RM via Getty Images

Housing is still unaffordable - but one corner of the market says things may soon get better

Tech Insider
New house under construction, front view from garage door entry with clouds blue sky
Home building and housing sector sentiment is on the rise.

ANNVIPS/Getty Images

The housing market is showing signs of a rebound as cancellations for homes under construction drop to levels last seen during the pandemic buying boom

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A Floridian home for sale.
A Floridian home for sale.

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Lumber prices fall toward multi-year lows as pending home sales slump and industry searches for supply balance

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lumber store
A man loads pieces of two-by-four wood onto his cart in the lumber section at a home improvement store on August 16, 2022 in Alhambra, California.

FREDERIC J. BROWN/AFP via Getty Images

The 'unique' housing market zig zags again as existing-home sales decline amid volatile mortgage rates

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home for sale

Joe Raedle/Getty Images

Home construction unexpectedly surged in February as slump in lumber prices offset pain of rising mortgage rates

Tech Insider : Economy
Construction work on a new apartment building in Austin, Texas in February 2023.
Construction work on a new apartment building in Austin, Texas.

Brandon Bell/Getty Images

Lumber prices are falling - and that means there's no need to fret about inflation, top economist David Rosenberg suggests

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David Rosenberg
Known for identifying the housing market bubble in 2005, David Rosenberg is the chief economist and strategist at Rosenberg Research & Associates.

Rosenberg Research & Associates

Lumber falls 24% in 9-day losing streak, but analysts see a bottom forming for the key building commodity

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lumber store
A man loads pieces of two-by-four wood onto his cart in the lumber section at a home improvement store on August 16, 2022 in Alhambra, California.

FREDERIC J. BROWN/AFP via Getty Images

Here's why the housing market could see more action this year - and what it means for affordability

Tech Insider

Welcome back, readers — Phil Rosen here. On this day 54 years ago, the Beatles played their last-ever gig on a rooftop in London. 

And just the same, today marks my last Monday writing to you from California this winter. 

That's not to say I'm on par with the Beatles, but I've never really believed in coincidence. I'll leave that verdict for you.

Now — into the housing market we go.

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