Sherwood Lumber COO on why lumber is priced at record lows

Рет қаралды 6,081

6 күн бұрын

Kyle Little, Sherwood Lumber COO, joins CNBC's 'The Exchange' to discuss lumber demand, inflation's impact on prices, and more.

Пікірлер: 30

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@PatamaGomutbutra 4 күн бұрын

People overhyped about being homeownership..it is indeed a lifestyle spending. In this manipulated overpriced house make cost of ownership become not makesense.

@bmwlane8834 3 күн бұрын

Those poor fools that built homes in 2021-2023. They over paid hundreds of thousands of dollars on some houses.

@alittlehelp812 2 күн бұрын

Notice a new building, a lot of the frames are zinc coated light weight, low cost metal . They are using wood sparingly. Build low, sell high.

@chri6393 4 күн бұрын

Man I guess Biden missed this with his magic inflation generator

@ISpitHotFiyaa 3 күн бұрын

If builders would cut their prices then more people would buy houses and lumber companies could sell more lumber. Lumber may be at an inflation-adjusted all-time low but housing prices are at an all-time high.

@erichvonmolder9310 Күн бұрын

Lower the prices and people and contractors will buy the wood - it needs to come down more. Contractors do need the work now, but they need to charge less.

@lesliehatun2044 4 күн бұрын

Decline in demand building. Lumber. Builders making higher profits.

@weirdshibainu 4 күн бұрын

Canary in the coal mine for the upcoming recession

@waynekirshner7155 3 күн бұрын

Lumber prices is the canary? What makes you say that?

@weirdshibainu 3 күн бұрын

@@waynekirshner7155 Lumber, of course, is a foundational component of the housing supply chain. The decrease in price is due to decrease in demand. GIven the national shortage of new homes, it doesn't square that lumber prices should decline unless builders are pulling back on new home construction. Builders appear to be calculating that the increase in interest rates have not only reduced demand for housing, but also the likelihood of a recession.

@nixic_ 3 күн бұрын

Or a prime time to buy in before the next expansion on rate cuts, two sides of the bet =)