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Authored by Tom Ozimek via The Epoch Times, Skyrocketing lumber prices that have tripled over the past 12 months have driven the price of an average new single-family home to rise by $35,872, according to new analysis by the National Association of Home Builders (NAHB), with the price spike threatening to hobble the momentum of the U.S. housing market, one of the bright stars of the recovery from the pandemic recession. While homebuilder sentiment remains optimistic, as indicated by the NAHB Housing Market index, headwinds due to rising building costs have pulled the index down fr . Three weeks ago, just before the start of Q1 earnings season we said Q1 Earnings Will Be Stellar, But Are Fully Priced-In noting that the past quarter is already fully priced in - and expected to be spectacular - which is why actual earnings may only disappoint. ....
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