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USRT - Lumber Continues To Trend Higher - Weyerhaeuser Is A REIT With A Wooden Call Option
iShares Core U.S. REIT
The price of lumber is highly sensitive to interest rates. Since lumber is an essential ingredient in home building and construction, low interest rates work to increase demand and boost the price of wood. In 2018, lumber rose to an all-time peak at $659 per 1,000 board feet. The previous high was in 1993 at $493.50.
Liquidity in the lumber market is more than limited. While the industrial commodity trades on the futures exchange, I have never dipped a toe in the wood futures market because of its history of price gaps and limited volume