Lumber prices plunge, signaling sharp slowdown in US housing and economic conditions… Housing Permits plunge 4.0% to 1.396, lowest since June 2020
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 …