Friday , December 4 2020
Home / Mosler Economics / New home sales, Chicago Fed survey, Lumber prices, US survey

New home sales, Chicago Fed survey, Lumber prices, US survey

Summary:
Trump looks to be losing by a substantial margin at the moment, which meansto me that there won’t be a fiscal adjustment before January’s new Congress,and without a sufficient majority in the Senate all initiatives may be blocked indefinitely. Most likely new home sales at best return to their pre covid growth path: Trump was upset with Canada because they weren’t charging us enough for lumber: Lumber prices across North America have nearly tripled since 2019. Based on a weekly price report by the B.C. Ministry of Forests, Lands and Natural Resources, the price of SPF (spruce, pine, fir) 2×4 lumber – as of Sept. 18 – is at ,288 per thousand board feet, up from a 2019 average annual of 9.

Topics:
WARREN MOSLER considers the following as important:

This could be interesting, too:

WARREN MOSLER writes Jobless claims, pending home sales, durable goods orders, construction spending

WARREN MOSLER writes Unemployment claims, Personal income, Transfer payments, Savings, Consumption, Light vehicle sales, Consumer confidence

WARREN MOSLER writes Euro zone services, gasoline demand, restaurants, hotels

WARREN MOSLER writes Jobless claims, Existing home sales, Euro construction

Trump looks to be losing by a substantial margin at the moment, which means
to me that there won’t be a fiscal adjustment before January’s new Congress,
and without a sufficient majority in the Senate all initiatives may be blocked indefinitely.

New home sales, Chicago Fed survey, Lumber prices, US survey
Most likely new home sales at best return to their pre covid growth path:

New home sales, Chicago Fed survey, Lumber prices, US survey

New home sales, Chicago Fed survey, Lumber prices, US survey

New home sales, Chicago Fed survey, Lumber prices, US survey

New home sales, Chicago Fed survey, Lumber prices, US survey
Trump was upset with Canada because they weren’t charging us enough for lumber:

Lumber prices across North America have nearly tripled since 2019. Based on a weekly price report by the B.C. Ministry of Forests, Lands and Natural Resources, the price of SPF (spruce, pine, fir) 2×4 lumber – as of Sept. 18 – is at $1,288 per thousand board feet, up from a 2019 average annual of $499.

New home sales, Chicago Fed survey, Lumber prices, US survey

New home sales, Chicago Fed survey, Lumber prices, US survey

New home sales, Chicago Fed survey, Lumber prices, US survey

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *