The front month lumber futures contract may have fallen from the May 10th highs by 66.4% to date…
but the 20-city average price of particle board has barely come down and...
also there has been zero pull back in the ENR Materials Cost Index.
The Market's Compass
Read more: https://themarketscompass.substack.com/p/construction-isnt-getting-cheaper
Text source: The Market's Compass Technical View
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