It should be noted that lumber plummeted recently. https://tradingeconomics.com/commodity/lumber

>Some might even note that lumber is a leading indicator of economic expansion, which, in this case, would translate to ... inflation. Yup. That soft landing might be getting more unlikely now.

I would say that the middle class is getting less wealthy as of recent. Inflation is up, debt is through the roof, consumer confidence seems low, interest rates are high, and those nice money packages people got during covid is running out. I don't see why you would want to buy a house or make a house in this market. But yeah, let's hope for the best for that soft landing...

Naturally. My pardon for the obvious oversight.

Mmm usually but demand for lumber comes from housing starts which comes from the housing market so a drop in the housing market would mean less demand and therefore lower prices.... right?