Lumber Drops Near 4-Week Lows
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Lumber futures have dropped to nearly four-week lows, falling below $590 per thousand board feet due to weakened housing demand and fading restocking momentum. Higher financing costs and a 9.3% decline in US pending home sales in December 2025 have reduced wood consumption for construction and renovation. Increased inventory from mills and quieter order books have further contributed to the price decline, as softer demand and rising availability led to position unwinds following January's rally.
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