This weekend I went and bought some Plywood for the house. I couldn’t believe how much I had to pay for some simple 2’x4’s.
The price has gone up by 250% in just the last few months. With the housing boom happening and everyone trying to remodel their house I see this continuing on for a while.
Is anyone else noticing this and trying to take advantage of it?
The two lumber stocks I found are Weyerhaeuser(WY) and Rayonier (RYN) both of the stocks are up slightly but don’t seem outrageous in terms of evaluations.
You can see WY doesn’t have a crazy evaluation. It also peaked in 2007 during the last housing boom.
Is anyone else noticing this shortage?