Lumber +353% since March 30th Lows

Check the Charts

So Magnelibra doesn’t participate in the Lumber markets, but we had to post the chart here for maybe some of our subscribers are daring enough to do it. We know the Covid impacted mills, production and labor resources have been slow to come back online and given the stay at home orders, demand is most likely high as well.

So it seems a perfect storm of supply/demand shock has led to a massive surge in Lumber as its closed limit up today:

This is causing builder supply costs to double and could potentially cause deals to fall through, or worse, this inflation is born by the consumer and further debt is instituted to cover these extra costs. Zerohedge posted this article today if you want to read more, here

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