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MyNi_NotYourNi t1_j6by7o7 wrote

Lumber follows home construction, which hasn't really weakened that much. Not to mention, people still have jobs, and are earning more in nominal terms, and sometimes even real terms.

Some might even note that lumber is a leading indicator of economic expansion, which, in this case, would translate to ... inflation. Yup. That soft landing might be getting more unlikely now.

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CaptainGolden OP t1_j6c2ecp wrote

>Some might even note that lumber is a leading indicator of economic expansion, which, in this case, would translate to ... inflation. Yup. That soft landing might be getting more unlikely now.

I would say that the middle class is getting less wealthy as of recent. Inflation is up, debt is through the roof, consumer confidence seems low, interest rates are high, and those nice money packages people got during covid is running out. I don't see why you would want to buy a house or make a house in this market. But yeah, let's hope for the best for that soft landing...

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crypt0_sports t1_j6bx0ow wrote

Bad news green , good news red

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CaptainGolden OP t1_j6bx77i wrote

Mmm usually but demand for lumber comes from housing starts which comes from the housing market so a drop in the housing market would mean less demand and therefore lower prices.... right?

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crypt0_sports t1_j6bxay0 wrote

Maybe they are anticipating the need for bunkers

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CaptainGolden OP t1_j6bxgfy wrote

Naturally. My pardon for the obvious oversight.

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crypt0_sports t1_j6bxu9h wrote

Lol it’s possible. Not quite sure to be honest , but that is almost directly in tandem with fuel price increases over the same time span

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livelearnplay t1_j6bzfzg wrote

Market is irrational shocker

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