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10 Lumber Producers make up over 60% of Lumber market in the US. If they wanted to, and I suspect they do, they will curtail production to keep prices high the remainder of the year.
In 2021, the cost to frame the average sized new home in the US has more than doubled in the past few years and is expected to triple in cost (from 2017) before year end.
When the market corrects, lots of new homebuyers will be immediately upside down on the value of their home vs their current mortgage. Yikes!
In 2021, the cost to frame the average sized new home in the US has more than doubled in the past few years and is expected to triple in cost (from 2017) before year end.
When the market corrects, lots of new homebuyers will be immediately upside down on the value of their home vs their current mortgage. Yikes!