Despite lumber not being in the #CPI, Powell claimed the big price drop from May to Sept. proved that #inflation was transitory. Well in the past three months lumber prices have doubled. They're up 40% this month, to almost triple …
by confoundedinterest17 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 …
“Biden is hiking lumber tariffs at the wrong time” https://www.washingtonpost.com/opinions/2021/12/02/biden-lumber-tariff-mistake/ Wow, that idiot just imposed an 18% tariff on imported Canadian wood. What a horrible, tone deaf, idiotic, senile, president. h/t Justme C’est Moi
by Chris Black Building houses reduces the value of Blackrock’s investments. The Biden Administration doubles tariffs on Canadian lumber, raising prices on home building at the worst possible time. https://t.co/4JBIquUNIW via @WSJOpinion — David Harsanyi (@davidharsanyi) November 30, 2021 Elizabeth …
Lumber prices have tumbled 70% in the last 14 weeks following a blistering rally Starting its ascent in late October 2020, lumber climbed to a peak of $1,711 over the course of seven months. But it took just 14 weeks …
Inflation has been surging in the prices people pay for things whether that’s housing prices, real estate, stocks, lumber, copper, food prices, car prices. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing …
Lumber Prices Slump As Historic Boom Hits A Wall Lumber futures on Chicago Mercantile Exchange fell -3.1% to $1,284.20 per 1,000 board feet, extending last week’s first loss since January. For the last 18 trading sessions, lumber prices have come …
https://www.zerohedge.com/personal-finance/housing-hubris-mortgage-apps-plunge-despite-homebuilder-euphoria
“At a time when soaring lumber prices have added nearly $36,000 to the price of a new home and priced millions of middle class households out of the housing market, the Biden administration’s preliminary finding to double the tariffs on …
https://twitter.com/SoberCDA/status/1396655525601824769 Relevant Comments follow: deedster @Thedaphster39 same people who are paying farmers not to produce and fining them if they do Bearfort @So_ynoT Best to check members of congress – they have a track record of using their ‘privilege’ of …
by confoundedinterest17 U.S. lumber futures rallied as much as 4% to $1,541 per 1,000 board feet Wednesday, the highest ever for a most-active contract. The surge came as voracious home-construction and renovation demand sends builders scrambling to secure the wood they need. Prices have …
by Michael Snyder Do any of you remember when you could buy an entire house for $35,000? There was a time in America when middle class Americans could buy a house and have it paid off in just a few …
https://www.youtube.com/watch?v=BLKFWOr3nws The US housing market bubble is running out of control. A growing number of experts have been warning the Federal Reserve has been blowing the current price bubble by keeping mortgage rates at historically low levels, enabling prices to …
I looked up what AMericans are paying for plywood and it is insane…is this a repeat of the ‘gas crisis’ which was staged? People who work with lumber are being played. h/t Saint
Watch the latest video at foxbusiness.com Soaring lumber prices are holding back a U.S. housing market. The number of building permits issued in March rose 2.7% month over month to a seasonally adjusted annualized rate of 1.766 million. The uptick is …
ENDLESSS #liquidity! pic.twitter.com/L1zl4hHzJy — jeroen blokland (@jsblokland) April 7, 2021 M2 MONEY SUPPLY 😱👇👇👇 pic.twitter.com/kjVrYlQMlf — Win Smart, CFA (@WinfieldSmart) April 8, 2021 #copperChile produces 28% of the World's copper. Peru produces 12%. Both are setting new highs on Covid …
View post on imgur.com The Wildest Home Buying Binge In U.S. History Has Pushed Home Prices To Hyperinflationary Levels April 4, 2021 by Michael Snyder The primary reason why home prices are soaring into the stratosphere is because of the …
by SUPER_swan 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 cost of lumber has gone up 188% since the beginning of the pandemic, which raises the cost of new builds and could price out some homebuyers. SKAGIT COUNTY, Wash. — Anyone buying lumber these days is in for sticker …
by confoundedinterest17 S&P/Case-Shiller released the monthly Home Price Indices for January (“January” is a 3 month average of November, December and January prices). The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported an 11.2% annual …
No better way to display the true #inflation rate than these astonishing photos from https://t.co/5RWvb23z2R that show how much less the #USD purchases now than just 3 years ago. pic.twitter.com/hpvj1lfCoQ — James Turk (@FGMR) March 22, 2021 Here is Dallas …
by confoundedinterest17 The US Treasury 10Y-2Y slope has gone parabolic (right side) since September 2019 (yellow line) and is back to mid-2015 levels. Not only is the 10Y-2Y curve slope going parabolic, but the tech-heavy NASDAQ 100 has foundered since hitting …
by WARREN MOSLER This has been know to be associated with the housing cycle: Framing Lumber Prices Down 30% Year-over-year This has taken a dive recently: Global economy enters ‘synchronised slowdown’ (F) The global economy has entered a “synchronised …
by Tom McClellan For years the price of lumber futures has been a pretty good leading indicator for a variety of economic data, especially the series related to the housing market. But recent events have caused lumber to not be a …
by Michael Snyder Oil, copper and lumber are all telling us the exact same thing, and it isn’t good news for the global economy. When economic activity is booming, demand for commodities such as oil, copper and lumber goes up …
via Martin Pring Nonfarm payrolls are an economic series that is widely followed by the investment community. However, it’s a coincident indicator, meaning it tells you what is going on now, not what might happen in the future. Markets are forward-looking indicators …
by Tom McClellan For a few years now, I have been employing lumber prices as a leading indicator for what the homebuilding sector of the stock market would do, and it has worked pretty well. But lately the correlation is broken, …
BY SRSROCCO As the price of lumber reaches an all-time record high, investors better take this as another warning that the market is in a massive bubble. However, a large percentage of investors today are unable to spot bubbles because …
