Why Lumber Is Surging While Housing Slumps in 2026

Housing starts are down, mortgage rates are elevated, and yet lumber futures have jumped 25% in the past month. Lucas and Luna unpack the paradox: it's not builders driving demand—it's a perfect storm of tariffs, mill closures, and wildfire-related supply fears in British Columbia. They walk through the specific data—lumber at 581.50 per thousand board feet, up 5% in a week—and debate whether this rally is built on real supply strain or speculative froth. Plus, how the CFTC's new position limits might be amplifying moves in thinly traded futures. For anyone watching housing, rates, or the wood products supply chain, this episode connects the dots between a quiet Canadian forest policy shift and the price you see on the screen. #Lumber #Commodities #HousingMarket #SupplyChain #Wildfires #Canada #Tariffs #CFTC #FuturesTrading #Speculation #Economics #RealEstate #Construction #Sawmills #BritishColumbia #FexingoBusiness #BusinessPodcast #CommoditiesEconomy Keep every episode free: buymeacoffee.com/fexingo