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Lumber Prices UP 127% From Recent Low Helping Drive Up Housing Prices And Bubble (Evergrande Stock Falls To $1.60)
Confounded Interest ^ | 12/14/2021 | Anthony B. Sanders

Posted on 12/14/2021 5:34:38 AM PST by Browns Ultra Fan

Lumber prices are above $1,000 for the first time since early summer as a hot housing market continues to drive demand.

According to Markets Insider, lumber prices are up 127% from its most recent low. With demand high and supplies low, record low interest rates still drive homeowners to the market, so much that builders are struggling to keep up.

Note the surge in lumber futures prices back in April and May 2021 that eased. But lumber futures prices are gaining steam again.

Let’s see what happens to lumber prices and new home prices if and when The Federal Reserve decides to takes its gargantuan foot off the monetary accelerator pedal.

In other housing-related news, China’s Evergrande remains in the news as its stock price founders.

Perhaps Evergrande should declare bankruptcy.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: china; fed; housing; lumber
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To: woodbutcher1963

My Woodland Mill log mill arrived 2 days ago.
We got some logs in Montana. Not much, but enough for me.


21 posted on 12/14/2021 8:01:13 AM PST by griffin
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To: NorseViking

Funny you should mention that. Concrete in our area is still the same price it was in the summer of 2017.

Plumbing roughed in, slab poured, let it rain, I’ll wait... again and pour some more concrete.


22 posted on 12/14/2021 8:45:23 AM PST by Sequoyah101 (Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.I ha)
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To: Sequoyah101

23 posted on 12/14/2021 8:50:33 AM PST by NorseViking
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To: NorseViking

Whatever this picture is saying, the house is quite lovely.


24 posted on 12/14/2021 9:46:23 AM PST by The Westerner (Protect the most vulnerable: get the gov out of medicine, education and forests.)
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To: The Westerner

It is made out of concrete.


25 posted on 12/14/2021 9:57:30 AM PST by NorseViking
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To: Browns Ultra Fan

Source: https://markets.businessinsider.com/commodities/lumber-price?op=1

26 posted on 12/14/2021 10:02:58 AM PST by Albion Wilde (Freedom is a road seldom traveled by the multitude. --Frederick Douglass)
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To: Pollard

This morning I bought 32 feet of quarter-round floor trim.

Just over $23.

Nuts.

No wonder young couples just starting out can’t afford to buy a home.


27 posted on 12/14/2021 4:21:25 PM PST by Jacquerie (ArticleVBlog.com)
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