D.R. Horton

Lennar

PulteGroup

Lowe's

Home Depot

Sherwin-Williams

Toll Brothers

TopBuild

Builders FirstSource

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NAIL provides 3x daily leveraged bullish exposure to an index composed of US companies within the home construction sector.

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Direxion Daily Homebuilders & Supplies Bull 3X Shares (NYSE: NAIL) was surging more than 12% higher on Wednesday in an attempt to reverse course from its most recent downtrend that began on Aug. 17.

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Lumber prices have dropped by more than 60% so far this year, but don't count on a recovery soon. Higher interest rates and inflation will continue to slow demand for single-family homes.

Lumber prices have dropped by more than 60% this year, and have room to fall even further

Lumber prices have dropped by more than 60% so far this year, but don't count on a recovery soon. Higher interest rates and inflation will continue to slow demand for single-family homes.

Lumber Prices Plunge as Higher Rates Hit Home Buyers

Homebuilders like Lennar and KB Home are walking away from 19,000 residential land deals due to the soured outlook in the housing market.

Lumber prices fall to a new 2022 low as housing market cools and mortgage rates approach 7%

"The lumber market continues to be in a state of overall malaise as buyers anticipate lower overall demand going forward," Sherwood Lumber told Insider.

Lumber falls after mortgage rates solidify their move above 6% amid hawkish Fed rate hikes

The price of lumber skyrocketed in 2021 when folks spent more money on DIY home improvement projects, unable to travel and dine out. Now that the cost of lumber has decreased somewhat, let's look at the impact in the market, and what it means for investors right now.

Which Industries Are Impacted The Most By Lumber Prices?

Housing starts jumped 12.2% last month to an annual rate of 1.575 million units, the Commerce Department said Tuesday.

Lumber prices jump on a surprise rebound in new home construction last month

Lumber prices fell 6% on Wednesday after rallying earlier in the week amid fears that a possible rail strike could disrupt supplies.

Lumber prices fall as US mortgage rates top 6% for the first time in 14 years

While Goldman Sachs expects housing to slowdown, it doesn't mean a deep recession will follow as it did during the last housing bust in 2007.

Lumber prices decline to a new 2022 low as Goldman warns housing market has further room to fall

"Even with a shrinking GDP, the American homeowner is in great shape. There is no panic selling," Altos Research CEO Mike Simonsen said.

Lumber extends 2-day rally to 18% as the real estate market shows signs of sticking a soft landing, research firm says

"The last couple years are just going to be an outlier as far as [home] pricing goes," LGI Homes CEO Eric Lipar said.

Lumber prices fall to a new low this year as reality sets in that the housing market is 'going back to normal'

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"As workers change jobs and adjust to the hybrid working environment, housing will likely weaken further in areas with high cost of living," LPL said.

Lumber prices fall 7% as new-home sales plunge to a 2-year low - and one economist sees further downside ahead

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"Sales have fallen off a cliff. We're selling one-third of what we sold in March and April," a homebuilder in Austin said.

Lumber prices waver as mortgage rates cool but builder confidence craters to lowest level since start of the pandemic

The lumber market has taken some big hits from rising inflation and a slowdown in the housing market, with lumber prices down more than 40% in the first six months of the year. They could fall still further before bottoming out.

Lumber Prices Take a Big Chop as Housing Slows

Lumber plays ‘canary in the coal mine', cues downturn in commodities

After reaching record levels, lumber prices have dropped sharply. The decline may indicate the economy will weaken a great deal.

How Much Will Lumber Prices Go Down in 2022?

Lumber prices are still down 63% from their May 2021 high of $1,733 per thousand board feet, and are down 43% year-to-date.

Lumber prices surge 7% as mortgage rates fall for the first time in 4 weeks

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"Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year," Freddie Mac's chief economist said.

Lumber prices fall as mortgage rates hit fresh 13-year high to edge closer to 6%

The average 30-year fixed-rate mortgage climbed 25 basis points to 5.65% for the week ended June 10, the highest level since late 2008.

Lumber prices hover near recent lows as new home construction sinks and mortgage rates jump to highest since 2008

"Some parts of town where finished homes are now taking a month to sell versus hours. Market is definitely correcting," a home builder in Texas said.

Lumber prices just hit their lowest point in 9 months as mortgage demand sinks to levels not seen in 2 decades

Fed Vice Chair Lael Brainard told CNBC it's "very hard to see the case" to pause its interest rate hikes until inflation is tamed.

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