The Resource Behind The New Housing Price Explosion Is Crashing ...Middle East

OILPRICE - Economy
The Resource Behind The New Housing Price Explosion Is Crashing
source : OILPRICE ( Middle East ) () 17
Lumber prices have skyrocketed in the past 12 months, causing the average price of both new and existing single-family homes to increase. Until now. That bubble appears to have burst, finally.  Mandated lockdowns caused lumber sawmills to halt production while at the same time many Americans, trapped inside due to the stay-at-home orders, rushed to the stores to buy lumber for projects to kill the time. Those two related things caused lumber inventory to plummet.  As a result, lumber prices have skyrocketed more than 300% since April…

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