CT_LFC
Well-Known Member
happy to see the decrease in lumber. Would be good to get more new housing built and help with the supply.The price of lumber has fallen fallen over 40% in one month, after spiking 350% in early 2021. Supply is catching up with demand, and consumer spending is shifting aways from goods and towards services. Although cars are different than lumber, they share many of the same many of the same supply chain headwinds - poor supply side capacity planning, underinvestment in inventories, trade tariffs, etc.
Below is the Manheim used car index through May. The YTD move is likely unsustainable, and risks being short term in nature. I see lots of people posting about selling to Vroom or Carava, but not many people actually doing it. If the window of opportunity closes (spoiler alert: it will) don't say you were not warned.
As someone who is trying to upsize in housing it had been demoralizing seeing the prices go up and up and on top of that know that there are still bidding wars on top of that.
Inventory is so scarce that we have actually identified a few houses we like and sent them letters to see if they’re interested in selling and offering our current house for rent so they can take their time finding a new home or waiting out the market.
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