Fall Outlook This year has completely bucked the trend of tapering home building demand into the summer.
I'm wondering how much inventories will stock up and demand will drop off into the fall.
I think if the stimulus continues in the US there won't be foreclosures and flood of housing supply, plus continued demand from low rates and renos. Which would continue the bullishness for lumber. If eviction moratorium gets lifted and no stimulus, I think the trend reverses.
Can anyone remind me why lumber prices rose in the back half of 2017 in the seasonal slow period for home building? Just persistent housing demand?