Charts of the Day: Lumber and Housing; Interesting…

While it’s way premature to call an end to the recent housing “boom”, the latest action in lumber and housing sentiment is getting interesting.

Here’s from our weekly futures traders’ positioning analysis:

Lumber: Net short for the first time since 6/2020. Speaks to the prohibitively high price level of late and the consequent halting/delaying of new construction projects.

May also reflect what appears to be a growing pessimism (among potential buyers) around housing going forward.

Home-Builder Sentiment (white) vs Univ of Michigan Consumer Confidence Survey results for “good time to buy a house?” question (blue): 

Chart source: Julian Brigden 

And here’s the latest price action in lumber futures:

Share:

Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat