Shoe’s Lumber Report – 11/25/22

Shoe’s Lumber Report – 11/25/22

YEAH – I’M FEELING BEARISH TOO! The shortened Thanksgiving trading week brought a bit of tryptophan early, as offices were thinly staffed and trading volumes were muted. The bearish tone from the previous week’s action persisted as pricing pressure kept its...
Shoe’s Lumber Report – 11/18/22

Shoe’s Lumber Report – 11/18/22

LET THE BLOODBATH COMMENCE! A big fat nope or nadda was the answer provided to the question posed last week about whether or not we would be surprised by this week’s housing market data. Wednesday’s release of November’s HMI (Housing Market Index) low-bar...
Shoe’s Lumber Report – 11/11/22

Shoe’s Lumber Report – 11/11/22

IS A SURPRISE AHEAD NEXT WEEK FOR THE HOUSING MARKET? A mostly hum-drum week in the lumber market has traders focused on next week, as Wednesday brings us November’s HMI (Housing Market Index). With a low-bar expectation of 36, we shall see if the weighted average of...
Shoe’s Lumber Report – 10/28/22

Shoe’s Lumber Report – 10/28/22

WHAT IS LURKING AROUND THE CORNER FOR THE LUMBER MARKET? It is always good to beat expectations, precisely what occurred this week with September’s New Home Sales. September New Home Sales exceeded the mid-pint consensus level of 585K, coming in at 603K. Hip, hip,...
Shoe’s Lumber Report – 10/21/22

Shoe’s Lumber Report – 10/21/22

WE’RE GOING DOWN! Last week brought some gloomy news: September’s Housing Starts came in at a collective 1.439M, falling 4.7% from the previous month’s SAAR of 1.542M level. OUCH! Yet on a positive note, Building Permits held their own, landing at 1.564M for...