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re: Housing starts grow at fastest pace since July 2007 (but lumber!!!?!?)
Posted on 6/19/18 at 11:37 am to Homesick Tiger
Posted on 6/19/18 at 11:37 am to Homesick Tiger
quote:Maybe I'm wrong, but it seems like the timeline from extraction to consumption is a lot faster for oil than it is for lumber.
Oh, I don't know. Gasoline has no problem jumping the shark when inclement weather is on the way. I don't know why the lumber market would be any different with supposedly doom and gloom on the horizon
1
Posted on 6/19/18 at 11:47 am to buckeye_vol
quote:
Maybe I'm wrong, but it seems like the timeline from extraction to consumption is a lot faster for oil than it is for lumber.
This. Plus there is a exchange traded global market for oil. I do not believe this exists for lumber.
I would also guess the dollar spent on oil is several OMs of lumber.
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