Bloomberg: “Housing, Lumber ETFs Shrug Off Best Data in More Than a Decade”By admin_45 in IN THE NEWS
Excerpt from Bloomberg quoting DataTrek's Nick Colas:
.... "Nicholas Colas, co-founder of DataTrek Research, wrote in a report Tuesday that he doesn’t expect the spike in lumber prices to last long, but home prices should continue to rise through the rest of the year and next. “All this is textbook early cycle market action, turbocharged by Covid-related dislocations,” he wrote"....
Read the full article here on Bloomberg!