Why the Price of Lumber Has Soared Day After Day After Day
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 26 April 2021
⏱️ 62 minutes
🧾️ Download transcript
Summary
It's not often that lumber becomes a national obsession. But this year it has. Thanks to a combination of factors, including diminished sawmill capacity, a renovation boom, and then a homebuilding boom, the price of finished wood has soared to never-before-seen heights. On this episode, we speak with Stinson Dean, a lumber trader at Deacon Trading, to explain why the market has gone so wild, and how the market is structured.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Adlots is brought to you by Apollo. When it comes to building and financing stronger businesses, |
| 0:05.1 | Apollo does the heavy lifting by providing customized capital solutions. Apollo, |
| 0:09.6 | investing in tomorrow, today. Learn more at Apollo.com. |
| 0:30.4 | Hello and welcome to another episode of the Adlots podcast. I'm Jill Wyzenthal. |
| 1:00.7 | And I'm Tracy Alloway. So Tracy, I'm guessing there isn't much construction of new homes |
| 1:06.9 | anymore in Hong Kong, is there? There's always some, but we definitely aren't having a housing |
| 1:14.4 | boom like the US's. Now it is absolutely crazy what's going on here. There is a housing boom here. |
| 1:21.1 | There is a renovation boom. People are buying existing houses, driving the prices up. |
| 1:26.6 | People are starting new homes like it's super, it's super wild. What's going on here in real estate? |
| 1:32.3 | Yeah, so I've seen a lot of stories on this and then of course one of the things I've seen |
| 1:38.0 | that's been really striking is the price chart of lumber. And that's just been absolutely soaring |
| 1:45.8 | and is actually like, I see it mentioned in the pantheon of meme stocks nowadays, but of course, |
| 1:51.6 | you know, lumber is an actual thing that people use to build homes and other important structures. |
| 1:58.3 | No, it literally is like kind of becoming a meme stock. Like lumber itself, like there's like |
| 2:02.7 | meme stocks and crypto. And now people are making tick tocks about the price of lumber and the line |
| 2:08.8 | literally is just just a straight up for days. We're recording this April 21st. And actually |
| 2:14.8 | the last two days, I think lumber actually sold off a bit. So maybe, I don't know, maybe there's |
| 2:19.9 | some sort of peak. I have no idea, but the point is for like days and days in a road, the lumber |
| 2:24.4 | futures market went up, limit up every single day as absolutely wild. And it's like becoming a |
| 2:30.8 | cultural thing. How much would cost right now? Yeah. It's also sort of becoming a moment for, |
| 2:37.9 | I guess, lumber Twitter, which is a really interesting community as I think you recently discovered, |
| 2:45.1 | right? There's a really vibrant conversation around the lumber industry and lumber trading. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.