Ok WRECO alums, is the current run up in house prices being caused by demand (pent up or otherwise) or by inventories finally getting to the "build now" level?
I see lumber prices up but no clear reason caused by a building boom.
Lumber futures are down 21% in May due to supply coming back.. If supply is increasing then the producers must be seeing higher demand.See Bloomberg yesterday.
My question is if this is the case, how does it affect WY? Higher lumber sales at lower prices. Lumber is an input to their home division too. Is it a wash, better, or worse for the company?
The game is very simple, you buy under $30 and sell when you wish. The big M is all that is needed to watch[because of differing BS from analysts].