Rayonier

International Paper

Smurfit WestRock plc

Sylvamo Corp

PotlatchDeltic

Weyerhaeuser

West Fraser Timber Co. Ltd.

SAP SE

Bill.com

Clearwater Paper

iShares Global Timber & Forestry ETF

WOOD tracks a narrow index of the 25 largest publicly listed companies from developed and emerging markets that own or manage forests and timberlands.

Invesco MSCI Global Timber ETF

Direxion Daily Homebuilders & Supplies Bull 3X Shares

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'

The full name of the ETF is a little misleading, called the iShares S&P Global Timber & Forestry Index ETF. Timber is a different market from lumber, and really a lot of this ETF's exposures are lumber.

WOOD Is More Lumber Than Just Timber, And We Like Lumber

"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

"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

"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.

Lumber prices see no relief and continue to drop as Fed rate hikes put pressure on the housing market

"Similar to other locations, lumber remained weak," JPMorgan said in a recent channel check of home improvement stores like Home Depot and Lowes.

Lumber prices plunge 12% to new 2022 lows as wood inventories start to pile up

"It looks like more [home sales] declines are imminent in the upcoming months, and we'll likely return to the pre-pandemic home sales activity."

Lumber prices fall to new 2022 low as April existing home sales hit lowest level since the start of the pandemic

"Many first-time buyers simply no longer qualify with the increase in interest rates, as their debt-to-income ratio gets out of whack," one homebuilder said.

Lumber prices fall to their lowest level in 2022 as the highest mortgage rates in 13 years dent housing demand

WOOD invests in timber and forestry companies. The portfolio is concentrated, and cyclically the fund is not well positioned. The fund has also been trading in a range for some time, all through 2021 and 2022 so far.

WOOD: Timber And Forestry Companies Are Probably Cheap

Futures pricing "tells me is there's still a long-term, bullish supply-demand situation in lumber," said commodities analyst Darin Newsom.

News for iShares Global Timber & Forestry ETF ETF (WOOD)