Don't Ignore This Chart

Lumber Prices Plunge, but Housing Stocks Remain Strong

An interesting divergence is brewing between lumber and housing stocks. Lumber Futures ($LUMBER) fell around 25% the last two months, but the Home Construction iShares (ITB) hit a 52-week high recently. Something may need to give because lumber and housing stocks are positively correlated for the most part.

Click this image for a live chart.


Subscribe to Don't Ignore This Chart to be notified whenever a new post is added to this blog!
comments powered by Disqus