email:  
 
 
  
 

Friday, May 26, 2006

Lumber Futures Caught In Downward Spiral

Lumber futures caught in downward spiral: Higher interest rates in the US have finally started to cool the red-hot housing market. This was bad news for Lumber bulls, as prices have been mired in a 3-week long sell-off. Lead month July Lumber hit its lowest level of the year yesterday, despite a report from the US Commerce Department that new home sales in April were higher. Read More....