Given that residential construction represents 70% of lumber consumption, June’s -4.4% year-on-year slump in US housing starts was most unwelcome news for lumber markets. But a demand slump isn’t the only thing impacting the beleaguered commodity — supply side factors are dragging on lumber as well. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/video-series.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
