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.

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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.

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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

Mortgage rates are falling back near 6%, reopening the housing market for 3 million home buyers, according to Freddie Mac

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san francisco housing market

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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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