Weyerhaeuser: A Lumber Proxy For 2024
Weyerhaeuser(WY) Seeking Alpha·2024-01-05 02:37
Juanmonino Lumber is an essential industrial commodity that is a critical ingredient in infrastructure building. Moreover, lumber is a crucial commodity for new home construction. Therefore, lumber prices follow interest rates that determine the mortgage rates that either support or inhibit new home construction. The 2020 global pandemic unleashed a tidal wave of central bank liquidity and government stimulus, sending interest rates to record lows. In late 2021, a 30-year conventional fixed-rate mortgage wa ...