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Don’t Forget! You Saw it in the
August 2020 #12253 Page #102
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Lumber Briefs By Matt Layman Publisher, Layman’s Lumber Guide
Why Housing is So Artificially Strong Lumber Brief
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Layman's Lumber Guide Matt Layman, Publisher "The lumber market is easy to beat when you know what is going to happen."
ust like the lumber market, housing has benefitted from the unfortunate situation of the August, 2020 COVID-19 pandemic.
One must wonder why? TheIs answer is simple if we just listen to the narrative provided Why Housing So Artificially Strong by builders and the usually lopsided media. Folks are fleeing to the suburbs. The pandemic has struck fear among families who cannot escape crowds, so they are literally running for their lives. Just like the lumber market, housing has benefitted from a larger % of income. The situation more data that shows younger more flight toforsuburban we the unfortunate of the COVID-19 pandemic. children are vulnerable, Does that the mean less demand multifamilysafety construction? One must wonder why? The answer is simple if we just Likely not. It may mean changes in design, but the fact will see. School is the immediate quandary. Who wants their kid to be the guinea pig to see how listen to the narrative provided by builders and the usually remains that there is a large % of the population that does the virus lopsided media. Folks spreads are fleeingintochildren? the suburbs. The not want the responsibility and expense of ownership.
pandemic has struck fear among families who cannot escape In conclusion, at the current pace of new home crowds, so they are literally running for their lives. The more construction, inventories remain inadequate and our lumber bodes wellare forvulnerable, the housing industry as long asisthere fear ofi.e. close contact with others. data that showsThis younger children the more market underissupplied, produced. flight to suburban safety we will School is Until square sawmillsfootage increase making productionspace or thefor frivolous DIY and Also promising forsee. housing is the theimmediate trend towards larger an office, quandary. Who wants their kid to be the guinea pig to see home panic buying slows we will likely see $1,000 /mbft fob in-home and learning space for children. mill 2x4 #2 in all species pretty quickly. how the virus spreadsgym, in children? This bodes well for the housing industry as long as there Watch for increased volume of mill offerings is fear of close contact with others. Also promising for particularly 3-4 weeks out. That is a sign of the end. There is a larger paradigm underway current home buyers. Dwellings that are more housing is the trend towards squareshift footage making among More quick offerings is severe warning. space for an office, in-home gym, and learning space than for proximity to entertainment, self-sustaining are more a priority shopping, and schools. That Looking Forward...ML children. includes larger lotamong sizes current and/orhome privacy fences, decks, play equipment, or in general secluded There is ashift paradigm shift underway buyers. Dwellings that are more self sustaining are more a outdoor living space. Would you like to have bi-weekly updated forecasts priority than proximity to entertainment, shopping and of the constantly changing framing lumber schools. That shift includes larger lot sizes and or privacy market? which creates higher demand for lumber These new home are becoming fences, decks, play equipment or in requests general secluded outdoor requirements, living space. and higher demand for the upper end of home price ranges. Home buyers are committing more www.laymansguide.info These new home requests are becoming requirements, disposable income into their i.e., a larger % of income. which creates higher demand for lumber and dwelling, higher demand for the upper end of home price ranges. Home buyers are committing more disposable income into their dwelling, i.e.
LLG 2x4#2 Composite (SYP-E, SPF-W, HF GDF) 2019-Current FTP's Forecasted Turning Points: Vertical arrows project times of reversals or accelerations.
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