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What does lumber tell us about housing prices?


What does lumber tell us about housing prices?
Joe Perry
April 27, 2021 4:25 PM
As the price of lumber continues to rise, we should continue to expect the price of housing to rise as well.
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Many industrial commodities, such as copper, iron ore, and lumber, are trading at or near all-time highs. Lumber is said to be a leading indicator for housing prices.  Therefore, as the price of lumber rises, traders should expect housing prices to rise soon afterwards. 
Lumber has been moving higher since putting in pandemic lows on April 1
st, 2020 near 251.5.  Five months later, it closed near 945.0.  By November 1 ....

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Detailed text transcripts for TV channel - CNN - 20190302:02:43:00

I think both parties deserve to be horse whipped over their constant refrained they re going to balance it the president is in your policy, you guys controlled congress, you passed it. i m not going to push back too aggressively on this. we have to do a lot better job of restraining spending. $22 trillion in debt and those chickens are going to come home to roost. it s a mistake to say after 8 years of obama stagnation that it wasn t the right thing to do to have steep tax cuts it wasn t stagnation. you know that we pulled out of one of the deepest holes in our history in 2008 when he came up. so he got us out of that hole and the economy grew and grew and now it s continuing to grow. i worked for president bush and it is fair to say at the end of his presidency we had a banking collapse, a housing collapse and there s no question obama inherited a rough economy. i will tell you that, the problem is, new regulations and obamacare and all of this ....

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Detailed text transcripts for TV channel - CNN - 20190302:05:42:00

You guys went along with it. i d love to respond to that. i think both parties deserve to be horsewhipped over their constant refrains that they re going to balance the budget. the president is in your policy, you guys controlled congress, you passed it. i m not going to push back too aggressively on this. i think we have to do a lot better job of restraining spending. $22 trillion in debt and those chickens are going to come home to roost. it s a mistake to say after eight years of obama stagnation that it wasn t the right thing to do, to have steep tax cuts it wasn t stagnation. you know that we pulled out of one of the deepest holes in our history in 2008 when he came up. so, he got us out of that hole and the economy grew and grew and now it s continuing to grow. i worked for president bush, and it is fair to say at the end of his presidency, we had a banking collapse, a housing collapse, and there s no question, obama inherited a rough economy. ....

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