[1]Maybe, just maybe, those pesky plunging lumber prices were on to something [3] after all...
[4]
The PHLX Housing Index is -0.25% YTD and -18.75% from its May highs...
[5]
of course there's a simple explanation...
The collapse in lumber prices only exists because the housing shortage is so profound nobody wants to build anything. /spin
— zerohedge (@zerohedge) June 24, 2013 [6]
Charts: Bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/9835
[3] http://www.zerohedge.com/news/2013-05-21/housing-unrecovery-here-lumber-enters-bear-market
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/06-2/20130624_housing1.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/06-2/20130624_housing.jpg
[6] https://twitter.com/zerohedge/statuses/349168528542285825