Lumber Prices Hit an All Time High!

 

1. Tariffs On Imported Lumber(Canadian).
2. Housing Starts Up 22.6%(month-on-month)(People moving out of cities).
3. New Home Sales Up 36%(Year-over-year).
4. Home Improvement Projects Up b/c Work from home(and/or time off work) + Stimulus checks.
5. Social Distancing at Saw Mills created a reduction of supply.  
6. Historical Low interest rates created increase in demand.

Bloomberg Markets and Finance