The Rally In Lumber & Inequality Part 2

What do lumber prices tell us about inequality?

For those lucky enough to retain access to credit, low mortgage rates have allowed them to participate fully in the housing market. This could be in the form of purchasing a newly constructed house, renovating an existing one, purchasing an existing home from its owner, or some combination of these activities. The net result of which is the ongoing strength of the US housing market, its resilience during the pandemic, and a robust demand for lumber.

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