As the housing sector rebounds, lumber prices reached a 7 year high today, while homebuilder stocks hit 5 year high
The chart above shows weekly framing lumber prices (red line), which closed today at $400 per 1,000 board feet, the highest level since September 2005, more than seven years ago. Over the last year, lumber prices have increased by 43.4%. Meanwhile, the S&P Homebuilders … read more
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