All Over for Housing Re-Inflation?

All Over for Housing Re-Inflation?

Both lumber and LEN face significant long-term channel resistance in the charts below. Is the Bernanke-inspired housing re-inflation run over for home-builders and housing in general?  

Given Their Tight Correlation, Could Weakness in Lumber Prices Drag Housing Stocks Lower Too?

During the week of 8/18/12 lumber prices gapped open to start the week ~275 bps higher and at the time, were already up an astounding 38% YoY. Lumber is typically a rather subdued commodity so we thought the gap higher…...

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