Lumber prices high amidst improved homebuilder sentiments
Posted on October 8, 2020
In September, as per NAHB/Wells Fargo Housing Market Index single-family homes grew by 5 points to 83 months over month, the highest in 35 years.
Anything above 50 is considered positive.
Present sales conditions rose 4 points to 88.
The prospective buyer's index grew by 9 points to 73.
Lack of skilled labor and finished lots.
Rising prices for lumber due to the Covid-19 crisis which has jumped over 170% since mid-April.
