Post by
lifeisgood1010 on Aug 12, 2024 10:27am
RE: Lumber price picking up
Apaulson, you could not have said it better.
I fully agree with you.
Again this morning, price on the lumber contracts are up.
These are baby steps in the right direction.
Lumber price will not go up every single days but the dynamics(lower interest, lack of house
supply and diminish production) should provide a floor to lumber prices.
The floor may have been touch in mid July.Since then,they are up more then $120
A lot of capacity as been taking of permanently and there may be more to come while many major mills have upgraded their facility and lowered their producing cost.
Successful investors are the one who buy good assets at distress prices.
Comment by
Apaulson on Sep 05, 2024 1:15pm
Housing will lead going into a recession but housing will also lead coming out. We may be early. There may be some tax loss selling before year end which should offer a better entry point though.