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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Joe Stocks who wrote (42695)8/10/2002 12:36:07 PM
From: DanZ  Read Replies (1) of 53068
 
Hey, Joe. Thanks for posting the chart of lumber futures. I don't know if there is a correlation between lumber prices and the demand for homes, but logic says that the demand for homes could increase if lumber prices go down. This assumes that builders pass the savings on to consumers. If they don't pass the savings on to consumers and the demand for homes remains unchanged, it seems like their profit margin would increase, at least for the lumber component of the total cost. Conversely, I would think that rising lumber prices are bad for the demand for homes and bad for builder's profit margins. It would be interesting to put a long term chart of home prices, lumber prices, and the demand (or growth) for homes on the same chart. Do you know of such a thing, or websites where I can get the data to plug into an Excel Spreadsheet? How elastic is the demand for lumber? Do you see much change in the demand for lumber at your business when lumber prices change? Or do you not sell lumber?

Thanks,

Dan
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