Is lumber a commodity?

Lumber is a commodity. We typically have the pricing of the lumber impact our closings two quarters in the future, right, because when we order then build the house so the pricing we feel in the market, we feel in our income statement two or three quarters later. And that's true for most of our commodity pricing.

What are the main products of the lumber industry?

Lumber and basic timber products .. Furniture and finished lumber products Stone, day, and glass products Iron and steel and their products, including ordnance. Nonferrous metals and their products Machinery, except electrical «...

What is the new lumber futures & options contract?

The new Lumber futures and options contract reflects changing production patterns, which makes it a more effective risk management tool for market participants. Lumber futures are physically delivered to the Chicago Switching District, allowing for a broader market participation from both western and eastern producing mills.