Will cheaper Lumber lead to lower building costs?

On May 23rd, 2022, I wrote a note about Lumber.

Within it I said, that Lumber…..

“It also tends to lead the S&P 500 in near-term peaks and troughs.”

“I also think it has been a handy barometer of inflation or at least scarcity of supply.

With today’s price trading down to that $570 support level mentioned in that note and also to its 200 week moving average, I don’t think Lumber’s price decline is over.

I think you can buy your timber 15% cheaper than today’s price.
$481 is my Buy price.

June 10, 2022

by Rob Zdravevski

rob@karriasset.com.au