Lumber Going Parabolic - Hyperinflation Incoming

The Wildest Home Buying Binge In U.S. History Has Pushed Home Prices To Hyperinflationary Levels

April 4, 2021 by Michael Snyder

The primary reason why home prices are soaring into the stratosphere is because of the giant mountains of money that our leaders have pumped into the system over the past 12 months. It took from the founding of the United States all the way to early 2020 for M1 to reach 4 trillion dollars. But from early 2020 to today, M1 has gone from 4 trillion dollars to 18 trillion dollars.

What our leaders have done is nothing short of economic malpractice, and it has pushed home prices to hyperinflationary levels.

According to a new report that was just released by Redfin, home prices are far higher than they were at this time a year ago…

Home prices are sky-high, and a recent report from Redfin underlines that point with some staggering data:

Median home-sale prices increased 17% year-over-year to $335,613 – a record high, per data taken from more than 400 metro areas during the four-week period ending March 28, 2021. And asking prices of newly listed homes rose 14% year-over-year to $353,500, another all-time high.

[link to endoftheamericandream.com]

[link to tradingeconomics.com (secure)]

on right hand side about in the middle is listing for lumber.

Heading to 1200, no end in sight:

"Chicago lumber futures surged past $1070 per thousand board to a fresh record high as demand is outstripping supply. Since last spring lumber prices have risen 180% as the stay-at-home lifestyle has encouraged homeowners to expand or remodel their existing dwellings and low mortgage rates exacerbated the home-building spree. Meanwhile, recent wildfires in California and Oregon and freezing temperatures in Texas had increased the number of homes needing to be built and limited domestic supply."

[link to tradingeconomics.com (secure)]

a sheet of 7/16" OSB is over $50 here in the great woodland known as Canuckistan.

$50 for ONE sheet of chips and glue.

a 2x4 is $8.

It isn't about home building it's about market manipulation.

What did you expect?

Lumber doesn't grow on trees ya know!

Daily limit expanded from 32 to 48!

Limit up in 5 minutes anyway!!!!!

https://imgur.com/G7Y5vfn

Mcmansions dry rot..

Repairs

Dear God anything to slow down the growth of these horrific “neighborhoods” the developers are plastering all over the desert of AZ that literally are 6-10 feet apart, two story to minimize ground footprint, micro lot size, terrible “craftsmanship” being bought by investors to create whole neighborhoods of rentals that are definitely the near future SLUMS.

Stop, just stop.

Part inflation, but more to do with market monopolization, trade tariffs, wall street, and lumber cartel.

Oh 5 years..

The fucking corners rot..

Good deals..

Derp..

The invaders from Cali don’t understand they will roast on the second floor come July

Side by side..

Karen on the phone to HOA..

OSB Market price for 4/20/2021

7/16" OSB - $45.63
1/2" OSB - $47.36
5/8" OSB - $54.21
3/4" OSB T&G - $62.27

if you dont demand they release Govt land for home building--they'll continue to divert the Nation's Wealth into their Globalist Projects

They'll just say--If you cant reach a consensus on what you want--then we'll make the decisions & spend it how we want

In Russia & China 70-80% of people own their own homes

Boom..

At those prices, I would definitely adapt the measure twice, cut once philosophy. I'd sure hate to be a 1/2 inch off and ruin the whole sheet.

1:40

That’s how it should be

Wait until the wildfires begin again. Next year it will be worse.

Tick Tock..

Lightin or Terrorism..

Pick..

How do you repair after tornado and hurricane season?