Will Rising Lumber Prices Translate to Homebuilder Strength?
June 04, 2021 at 15:21 PM EDT
Lumber prices are rising, which could push housing prices higher and strengthen the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL). As the global economy continues to re-open, the demand for housing continues to remain elevated. However, low supply has been pushing prices higher,...