Trump's building promises boost prices of lumber
Current low mortgage rates and growing demand from millennial homebuyers fuelling orders
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Washington
THE lumber markets are off to a robust start in 2017, as US housing data show that the number of new homes available - along with the sale of new homes - are rising, according to the National Association of Home Builders. Home builders are employing more people and their purchasing orders of raw materials are increasing, particularly in lumber.
Lumber futures prices on the Chicago Mercantile Exchange have been rising and could surpass their recent highs in late February.
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