Lumber Prices Climb amid Rising Interest Rates
- Lumber prices increased in July and September.
- The price of lumber futures rose $525 per 1,000 board feet in July.
- September lumber futures rose $539 per 1,000 board feet, up 6.5 points.
- November lumber futures rose $545.5 per 1,000 board feet, up 4 points.
- Interest rates rose slightly with the LIBOR increasing to 94.82 points and Eurodollars up to 94.497 points.