Builders Beggar Belief As Lumber Liquidation Looms

With lumber prices plunging to fresh 3 year lows, the divergence between homebuilders and the most economically-sensitive commodity is starting to suggest a rather scary case of deja vu all over again.
4-Step-Deja-Vu…

Chart: Bloomberg

Step 1: Homebuilders rally but physical lumber supply limited sparks boom in futures prices… mills restarted, mal-investment invested, supply surge, demand met…
READ MORE
Please share this article