Lumber prices the harbinger of Econ data?

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Jun 21, 2024
9:42:31pm

Longseason Truly Addicted User

90 days of carnage in lumber markets. pic.twitter.com/uDO8L4PXql
— Stinson Dean🌲 (@LumberTrading) June 21, 2024

https://twitter.com/LumberTrading/status/1804282469706760536

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Longseason

Previous username: panacablue
Bio page: Longseason
Joined: Jul 18, 2010
Last login: Jun 29, 2024
Total posts: 18,695 (60 FO)

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Messages

Author

Time

Lumber prices the harbinger of Econ data?

Longseason

Jun 21, 9:42pm

The Home Depot by my house didn’t get the memo

Future_Tacos

Jun 21, 9:49pm

new construction for multi-family is having a huge fall-off right now. Chart

HarlemCoug

Jun 21, 9:52pm

That snippet of the screenshot makes it looks like more of a drop than it is

futbalmaven

Jun 21, 9:57pm

It looks like at least a 30% drop. That seems significant.

El Presidente

Jun 21, 10:11pm

How far above pre-covid prices?

Plato

Jun 21, 10:16pm

A 30% drop is significant, even if it is peak to trough, which this is not.

El Presidente

Jun 21, 10:32pm

About 620 to 540, that's approximately 13% and the screenshot makes it look

futbalmaven

Jun 21, 10:39pm

That would be correct unless you click on the graphic and see that it continues dropping to about 450

Greg Kite's 'stache

Jun 21, 10:44pm

May housing starts were down 5.5%. A four year low.

HuskerFan2

Jun 21, 10:11pm

Almost sounds like housing is historically unaffordable

NanoFab Coug

Jun 21, 10:28pm

^^^^Millenial^^^^

YbeatsU

Jun 22, 12:49am

I think it’s very possible that new home construction could slow or stop drama

MacsKid

Jun 21, 10:28pm

very true, existing homeowners are not giving up those low mortgage rates. People will just renovate

BYU Grounds

Jun 21, 10:37pm

Like a fool, I paid off my house two years ago. Doh!

Cougar Junkie

Jun 21, 11:12pm

***Humble Brag***

SafetyFirst

Jun 21, 11:24pm

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