Breaking...June new home sales numbers are out...crashing.(video) | |
Bloody Peasant!
(OP) User ID: 75284939 United States 07/27/2021 07:53 PM Report Abusive Post Report Copyright Violation | Lumber futures are down over 60% close to to pre covid levels so that doesn't make sense. Lumber is at 582...down from 1600 a few months ago. [link to www.nasdaq.com (secure)] I know in the inland NW we are starting to see longer days on market and price reductions on listing. Last Edited by Bloody Peasant! on 07/27/2021 07:55 PM This business will get out of control. It will get out of control and we'll be lucky to live through it. -Admiral Josh Painter The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia. -Orwell Bloody Peasant |
Jungleboogie
User ID: 76648271 Canada 07/27/2021 10:39 PM Report Abusive Post Report Copyright Violation | Confusing. We've got people in this thread saying they work for home builders and they are going gangbusters...never busier. Others are saying there are no new homes being built because of lumber prices. Quoting: Bloody Peasant! Lumber futures are down over 60% close to to pre covid levels so that doesn't make sense. Lumber is at 582...down from 1600 a few months ago. [link to www.nasdaq.com (secure)] I know in the inland NW we are starting to see longer days on market and price reductions on listing. Some of the banks are forecasting lumber crash by spring, big glut in supply and low demand. Embrace the cognitive dissonance. |