After hitting a five-year low in September, lumber prices in the U.S. have started to climb again, although they're still about 20% lower than they were a year ago. According to a post at Spend Matters, tough weather conditions last year affected both demand and distribution of wood products, helping to push prices down. What's ahead? One uncertainty in the market is the expiration of the Softwood Lumber Agreement between the U.S. and Canada. First established in 2006, the agreement was an attempt to regulate imports of lumber from Canada, where most timber is harvested on state-owned land. The deal has not been renewed, and future lumber prices here may hinge on what Canadian producers do. Read More