Comments on: LUMBER PRICES FORECASTING ANOTHER HOUSING DOWNTURN http://pragcap.com/are-lumber-prices-forecasting-another-housing-downturn Sun, 12 Feb 2012 13:32:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Brian B http://pragcap.com/are-lumber-prices-forecasting-another-housing-downturn/comment-page-1#comment-5039 Brian B Thu, 20 Aug 2009 20:27:52 +0000 http://pragcap.com/?p=7697#comment-5039 Well, historically lumber has a very strong seasonal correlation in both up and down housing markets (I'm a logger and keep pretty close tabs). Not sure falling lumber prices here say too much other than they went up early and then back down late, per usual. The largest late summer/fall drop I could see in the last 10 years occured in 2004 which did not exactly signal an impending housing drop, as housing strts didn't peak until the summer of 2006 nearly two years later. <a href="http://futures.tradingcharts.com/chart/LU/M" rel="nofollow"> Here's a chart </a> from mid 2000-2009. Well, historically lumber has a very strong seasonal correlation in both up and down housing markets (I’m a logger and keep pretty close tabs). Not sure falling lumber prices here say too much other than they went up early and then back down late, per usual.
The largest late summer/fall drop I could see in the last 10 years occured in 2004 which did not exactly signal an impending housing drop, as housing strts didn’t peak until the summer of 2006 nearly two years later.

Here’s a chart from mid 2000-2009.

]]> By: TPC http://pragcap.com/are-lumber-prices-forecasting-another-housing-downturn/comment-page-1#comment-4991 TPC Thu, 20 Aug 2009 13:29:57 +0000 http://pragcap.com/?p=7697#comment-4991 Thanks guys. You can't get the straight story from Yahoo or CNBC. I try to be a bit more realistic.... Thanks guys. You can’t get the straight story from Yahoo or CNBC. I try to be a bit more realistic….

]]> By: Mark http://pragcap.com/are-lumber-prices-forecasting-another-housing-downturn/comment-page-1#comment-4989 Mark Thu, 20 Aug 2009 13:22:55 +0000 http://pragcap.com/?p=7697#comment-4989 Thiss sort of info is what makes you the most unique and best source of financial info on the web. You're a true hidden treasure TPC. I hope you don't change as your popularity grows. Thx! Thiss sort of info is what makes you the most unique and best source of financial info on the web. You’re a true hidden treasure TPC. I hope you don’t change as your popularity grows. Thx!

]]> By: prescient11 http://pragcap.com/are-lumber-prices-forecasting-another-housing-downturn/comment-page-1#comment-4984 prescient11 Thu, 20 Aug 2009 11:55:23 +0000 http://pragcap.com/?p=7697#comment-4984 Great piece of info TPC, this is why I come to this blog. Great piece of info TPC, this is why I come to this blog.

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