US lumber prices have ↓ ~25% since early August, raising concerns for Canada’s housing market.
Falling lumber prices often signal slowing construction demand or excess supply in the housing sector.
Canadian mills face oversupply, especially in Western Canada, causing low prices and reduced profits.
Lower lumber costs may ease construction prices, but high duties and interest rates hurt builders’ margins.
Regional housing activity is mixed, with some areas showing stronger growth while others experience slower sales.