23 days ago • Posted by Charles-Henry Monchau

Lumber futures are now up 19 of the past 20 days.

This surge in lumber prices to record highs, which was driven by an unprecedented shortages coupled with soaring demand by homebuilders has also translated to unprecedented events in the supply chain, with Bloomberg today reporting a remarkable episode showing how extreme America’s shortage of lumber has become: For the first time in recent memory, a lumberyard was the one selling wood to a supplier.

Source: Bloomberg, www.zeorhedge.com 

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