BREAKING: Lumber prices have declined to their lowest level since the 2020 pandemic, down 80% in 2 years.
Lumber is a leading indicator for the US housing market, global economic conditions, and inflation.
The rapid drop in lumber prices suggests that the US residential… pic.twitter.com/Ksc6aqczI0
— The Kobeissi Letter (@KobeissiLetter) August 15, 2024
Housing Permits plunge 4.0% to 1.396, lowest since June 2020
If only the Harris/Biden administration was in charge and could do something about boosting housing supply now.
— zerohedge (@zerohedge) August 16, 2024