Lumber prices are tanking as rising interest rates means more Americans are finding it harder to buy a home

• Lumber prices are spiraling as red-hot house prices and the rising cost of mortgages is hitting affordability.

• Nearly 80% of National Housing Survey respondents reported now is the worst time to buy a home.

• It’s set to worsen as Americans foresee their financial situations deteriorating over the next year.

Lumber prices have been on a steep decline as a combination of rising interest rates, record-high…