The Fed’s rate hikes are beginning to have their effect on slowing inflation. For example, lumber prices have dropped more than 50% since the central bank started raising interest rates in March.
Home Depot signaled the swings in lumber prices plaguing builders are not going to abate anytime soon. "When lumber hit those extraordinary highs in the early part of last year, we saw a dramatic unit ...
America’s biggest home-improvement chains say the lumber market is returning to normal after a period of extreme and record volatility. A near doubling of lumber prices zapped consumer demand at do-it ...
The home improvement market is bracing for a bumpy road. Two of the largest home improvement retailers, Home Depot (HD) and Lowe's (LOW), warned of softness in the market in recent earnings reports, ...