Lumber Prices Jump with Housing Market Recovery

With lumber prices on the rise, analysts are watching whether the commodity could cause a logjam in the recovery of the housing market. Housing prices have risen for six months in a row, according to the latest data from the S&P/Case-Shiller home price index, signaling that the country is recovering from the housing bubble burst about six years ago. Along with the housing market, the logging industry is has also rebounded strongly since the recession, said Robb Granado, analyst with financial...Full Story
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