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Started By
Message
Housing starts grow at fastest pace since July 2007 (but lumber!!!?!?)
Posted on 6/19/18 at 11:20 am
Posted on 6/19/18 at 11:20 am
I was told here yesterday that lumber tariffs were going to crash the market
LINK
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It’s almost as if there are tons of factors that go into building costs and tons of factors that go into construction trends...and one factor changing doesn’t mean there are opposing trends elsewhere
LINK
@
quote:
chadmoutray
#Housing starts rebounded by 4.6% in latest data, up from 1,286,000 in April to 1,350,000 in May, the fastest pace since July 2007.
It’s almost as if there are tons of factors that go into building costs and tons of factors that go into construction trends...and one factor changing doesn’t mean there are opposing trends elsewhere
8
Posted on 6/19/18 at 11:21 am to HailHailtoMichigan!
Muh trade war.
Posted on 6/19/18 at 11:24 am to HailHailtoMichigan!
I pointed this out to WildT in another thread but he didn't acknowledge it after insinuating what you said about lumber prices.
Posted on 6/19/18 at 11:25 am to HailHailtoMichigan!
Barring any unforeseen delays, we should be adding another data point to the "residential construction completion" by the middle of next month. 
Posted on 6/19/18 at 11:27 am to HailHailtoMichigan!
quote:
It’s almost as if there are tons of factors that go into building costs and tons of factors that go into construction trends...and one factor changing doesn’t mean there are opposing trends elsewhere
1) It would take a while for homebuilders to feel the pinch on lumber. They would need to clear inventory, and in the end consumers would pay for it later on.
2) The cost of lumber is probably not a major factor in the cost of a home. I am sure its non trivial but there are so many other things involved in a home.
3) I would imagine labor costs would be a bigger drag on housing. Skilled construction labor is in short supply.
We definitely need more housing, at least where i live. Single family homes are in serious short supply.
Posted on 6/19/18 at 11:34 am to brian_wilson
quote:
It would take a while for homebuilders to feel the pinch on 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
Posted on 6/19/18 at 11:36 am to HailHailtoMichigan!
quote:
It’s almost as if there are tons of factors that go into building costs and tons of factors that go into construction trends...and one factor changing doesn’t mean there are opposing trends elsewhere
It's building season.
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
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.
Posted on 6/19/18 at 11:49 am to HailHailtoMichigan!
I hear that the progressive thing to do now is to make houses out of glass.
Posted on 6/19/18 at 11:51 am to brian_wilson
Believe? You believed wrong.
Guess? You do that a lot.
Throw out potential next time for the trifecta.
Guess? You do that a lot.
Throw out potential next time for the trifecta.
This post was edited on 6/19/18 at 11:56 am
Posted on 6/19/18 at 11:54 am to HailHailtoMichigan!
quote:
I was told here yesterday that lumber tariffs were going to crash the market
Mudhuts
Posted on 6/19/18 at 12:13 pm to DarthRebel
quote:
Mudhuts
Dirt bag homes can be pretty cool looking.
Posted on 6/19/18 at 12:13 pm to DarthRebel
quote:
Mudhuts
Dirt bag homes can be pretty cool looking.
Posted on 6/19/18 at 12:13 pm to DarthRebel
quote:
Mudhuts
Dirt bag homes can be pretty cool looking.
Posted on 6/19/18 at 12:13 pm to HailHailtoMichigan!
July 2007 was right before the bubble popped in housing.
Posted on 6/19/18 at 12:14 pm to La Place Mike
Triple post. I am freaking amazing!
Posted on 6/19/18 at 12:14 pm to La Place Mike
Values aren't going down for another 3-5yrs
This post was edited on 6/19/18 at 12:14 pm
Posted on 6/19/18 at 12:15 pm to roadGator
quote:
Throw out potential next time for the trifecta.
i would say you are potentially an a-hole. No wait, scratch the potential.
Posted on 6/19/18 at 1:13 pm to brian_wilson
Cry because someone called out your bullshite.
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