Monday, October 9, 2017

Before the hurricanes?

Update: Framing Lumber Prices Up 20% Year-over-year

1) Framing Lumber from Random Lengths through early Sept 2017 (via NAHB), and 2) CME framing futures.
McBride of Calculated Risk watches lumber prices.  This increase includes Harvey, in Texas, but not the next two? And it is a bit out of season to see these prices. 

So, we can gauge the bottlenecks added by the next two hurricanes and earthquake.    We will see a three sigma stress on the construction industry, this bodes ill and will take two quarters to clear up.

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