Record Lumber Prices Build as U.S. Housing Booms

About This Source - Bloomberg Markets and Finance

Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Bloomberg Books #Ad

Recent from Bloomberg Markets and Finance:

  • Not a Bad Time to Invest in Chinese Equities: Le Cornu
  • Bitcoin Reaches Highest Level Since May
  • JPMorgan CEO Dimon Warns of Bigger Trading Revenue Drop
  • Bloomberg Markets and Finance published this video item, entitled “Record Lumber Prices Build as U.S. Housing Booms” – below is their description.

    Apr.23 — U.S. new-home sales rebounded sharply in March to the highest since 2006, suggesting that the housing market is back on track after winter storms impeded demand in February. Builders, nonetheless, are contending with higher costs that risk restraining this demand, mainly the price of lumber. Bloomberg’s Romaine Bostick takes a look at record prices for lumber and its impact on U.S. housing market.

    Bloomberg Markets and Finance YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    Leave a Comment