Lumber Futures up 200% - Lumber mania is sweeping North America

[ElCubano]

Most trusses and roofs on houses, including expensive ones, are made of wood in Florida.

Yes that is correct. I meant the whole house being of wood like in Texas etc. We build with block.

 

[Ninja Mobile Trader VPS]

Nowadays very easy to make conversation in the lumber aisles oh Home Depot and Lowes.

 

[Girija]

See ETFs WOOD CUT

Nice, never knew they existed are there inverses on them?

 

[KCalhoun]

Nice, never knew they existed are there inverses on them?

Not that I'm aware of..... I will scale into these plus metals FCX SLV HL CLF X on strength, I'm bullish commodities on infrastructure spending.

I wasn't aware of lumber ETFs myself until one of my chatroom traders mentioned them to me a couple of weeks ago, they look great

 

[S2007S]

If anyone is looking to short Lumber


WOOD at $95.63 up nearly 100% in a year

CUT at $39.74 up 78% in 1 year.

 

[S2007S]

Nice, never knew they existed are there inverses on them?

Hard to find inverses on this sector.

 

[Cuddles]

Basic question: are there substitutes for lumber in home building?

steel studs, cinder block, poured concrete, brick, stone

 

[Big AAPL]

Just regurgitating a previous pos
t...

 

[DiceAreCast]

Well they are not in Europe nor many parts of developed Asia with most newer houses. In North America in contrast almost every house is made of a wood frame. You really do hate me, huh? Can't even directly reply to my post. Not sure what the reason for that is.

"Until recently I did not even know that building homes with wood frames and walls is even a thing."

If you find yourself in a hole ............

 

[Girija]

Not that I'm aware of..... I will scale into these plus metals FCX SLV HL CLF X on strength, I'm bullish commodities on infrastructure spending.

I wasn't aware of lumber ETFs myself until one of my chatroom traders mentioned them to me a couple of weeks ago, they look great

So surprised to hear from you Kevin, Lumber price is a supply side issue more than a inflationary hike. Wondering why would you be long as opposed to short. It looks like a good candidate for short to me. You are totally bearish on the index but bullish on lumber? Am I missing anything.