Lumber prices fall 45% this year, sending macro message?

Lumber prices fall 45% this year, sending macro message?

by  | Sep 24, 2018 | Kimble Charting

CLICK ON CHART TO ENLARGE

 Home and Lumber prices can send important messages to how the economy is doing. The chart above looks at Lumber prices over the past 11-years.

So far this year, Lumber and the DJ Home Construction index is diverging against the broad market. This chart highlights that Lumber is now down over 40% from its peak earlier this year.

Below compares the performance of the S&P to the DJ Home Construction index this year-

CLICK ON CHART TO ENLARGE

Investors might want to keep a close eye on Lumber and the Home construction index going forward, due to weakness in this sector could be sending an important message about the macro picture going forward!

 

 

See Free samples of our most popular research reports here  

Receive Chris Kimble's research to your inbox, immediately after it's posted to the blog

See the latest webinar here

Email services@kimblechartingsolutions.com  

Call us Toll free 877-721-7217    International 714-941-9381 

Website: KIMBLECHARTINGSOLUTIONS.COM