US - Housing 03 (Aug 20 - Dec 26)

[behappyalways]

$72.99 For OSB Is Unrealistic And Will Not Last
https://m.youtube.com/watch?v=VZDdynqtuvE

Michael A. Gayed, CFA
@leadlagreport

The rise in lumber prices alone has increased the average home building costs by over $24,000 since April 2020.

Over the past year, lumber has seen its values skyrocket 180%. #lumber $HD $WFG.

https://mobile.twitter.com/leadlagrepor ... 6122187780

[behappyalways]

All these QE are coming back to roost with speculations in crytocurrency, NFT, lumber and etc etc...


Association data shows 1,000 board feet went from roughly $400 in June 2020 to $1,100 in April.

Leaders with the Building Industry Association of Central South Carolina and Central Carolina Realtors Association say the rising price of that material plays into the rising cost of homes.

In Richland and Lexington Counties, Consolidate Multiple Listing Service data shows the median price of homes went from $189,900 in March 2020 to $218,000 a year later. That’s a 14.8% jump.

Lumber Hasn't Had A Down Day Since March 26... And It's Sending Home Prices Soaring Even Higher
https://www.zerohedge.com/markets/lumbe ... ven-higher

[behappyalways]

Uninhabitable Bay Area Shack Listed For $575k

https://www.zerohedge.com/markets/uninh ... isted-575k

[behappyalways]

"That's How Crazy The Market Is" - A "Virtually Unheard Of Trade" Spotted In Lumber
https://www.zerohedge.com/markets/thats ... ted-lumber

[behappyalways]

Visualizing What $50k In Lumber Can Build Today Versus Last Year
https://www.zerohedge.com/commodities/v ... -last-year

[behappyalways]

Robert Shiller: "In Real Terms, Home Prices Have Never Been So High"
https://www.zerohedge.com/markets/rober ... en-so-high

[behappyalways]

And Now Prices Are Really Soaring: May Rent Jump Is Biggest On Record
https://www.zerohedge.com/economics/and ... st-recorde

[winston]

Millions of Americans could face eviction as housing protection expires in June

by Annie Nova

KEY POINTS

More than 11 million Americans are behind on their rent and many could face eviction when the national housing protection expires in June.

Housing advocates say the ban is lifting at a terrible time for property owners and tenants alike, with states still scrambling to distribute the $45 billion in rental assistance.

Most at risk are people of color, those with low incomes and older Americans.

Source: CNBC

https://www.cnbc.com/2021/05/31/million ... KW,4OKPV,1

[winston]

Why the Housing Boom Is Sure to Continue

by Chris Igou

The number of households leaving San Francisco doubled last year. And Los Angeles saw a 58% rise in households moving elsewhere.

The article highlights that many of those fleeing LA moved to Arizona. And some households moved to Texas or Florida. It’s not just California, either. We saw similar shifts out of New York, Chicago, and more.

More people left Chicago and New York than those who moved in.

Where are those big city dwellers deciding to go? Well, again, places like Florida and Texas. Southern states saw the largest influx of people by far, according to the report. Low taxes, warm weather, cheap housing… what’s not to like?

Southern states are seeing even more demand than most places in the rest of the country. And that means the housing boom is sure to continue in those areas.

Source: DailyWealth.com

https://dailytradealert.com/2021/06/19/ ... -continue/

[behappyalways]

Housing bubble???

This disgusting 'house from hell' is listed for $600,000 ... and getting multiple all-cash offers
https://edition.cnn.com/2021/06/17/home ... index.html