Lumber Futures Pointing to Housing Starts Acceleration Now
TPX has done a head fake pullback on this week's June data... read the article below to learn why pm are buying all the shares morons will short to them. LOL
Are Lumber Futures Already Pointing To A Housing Starts Rebound?
WALTER KURTZ, SOBER LOOK JUL. 23, 2013, 4:48 AM 990 3
The large decline earlier this year (see post) translated into weaker than expected residential construction in June (see post).
That means we should certainly pay close attention to lumber as a leading indicator.
And July is showing a steady increase in prices, potentially pointing to improving demand.
After a disappointing result in June, is construction picking up this month ? Many economists think so. The key data that researchers point to is the Homebuilders' survey, which is at the highest levels since 2006.