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I Predicted Soaring Lumber Prices (And Now I'm Profiting...) [View Online]()|[Unsubscribe]( [Street Authority Daily] -[]Recommended Link Sponsored Content [Top Crypto Analyst Issues Warning]( Coinbase - the world's largest digital currency exchange - just went public. But this IPO is not the best way to make money in crypto in 2021. Instead folks need to get in on a handful of valuable crypto plays... [3 of which I just named in a brand new free report, "3 Cryptos to Beat Bitcoin."]( April 30, 2021 I Predicted Soaring Lumber Prices (And Now I'm Profiting...) By Jimmy Butts [Jimmy Butts] It was the spring of 2018 and I was nearly ready to begin a massive remodel on my home. I'm talking about tearing down half my house and rebuilding. But I couldn't pull the trigger... I was keeping a close eye on lumber futures and prices were skyrocketing. In my usual fashion, I downloaded data of historical lumber prices and charted it out. I found that the historical average was around $260 per thousand board feet (that's how lumber futures are quoted). When I was getting quotes on my lumber package, the price was climbing past $400... $500, and then peaked in May 2018 at around $630 -- a record at the time. The rise in lumber prices at the time was largely due to trade tariffs and a spat with Canada. -[]Recommended Link [Why are Google AND Mastercard Chasing the same $10 Stock?]( A handful of the world's most powerful technology and finance giants have signed "hushed" deals with one tiny company, most investors have never heard of. These titans are clamoring to stake their claim in what could be the "gold rush" of the 21st century… and [THIS $10 stock]( holds all the picks and shovels. With over $10 trillion on the line, a single whisper of this company's name could send its stock price into orbit. [Get the full details NOW- before it's too late.]( I talked my wife into waiting on our rebuild, as I was sure lumber prices would come back down. Part of the beauty of futures is you can see what folks are willing to pay in the future for deliverables. Fortunately, lumber prices settled back down, and we started on our project a year later. We saved thousands of dollars by waiting for lumber prices to come back down. Today, people would gladly pay that $630 per thousand board feet. I'm not sure if you noticed, but lumber prices are astronomical. They just hit a new milestone... $1,200. Want to build your kid a treehouse this summer? Forget about it. You used to be able to run down to the lumber store and snag 2x4s for $2. Today, that same 2x4 will run you between $7-$9. A sheet of plywood costs more than a family of four eating at the local Chili's. If you want to know how your neighbor is faring, just see if they're still knocking out items on their honey-do list that require lumber. As you can see, since last spring when lumber was trading for under $250, it's been on a rocket ship ever since. What's Causing Prices To Skyrocket? So what's causing this? Well, it's a culmination of sawmills and transportation being shut down for Covid-19, which caused a dip in supply. Meanwhile, folks staying at home decided to tackle renovation projects, coupled with low interest rates and a massive demand in the housing market... and you have a perfect storm that's caused prices to jump to these record levels. Despite these pesky lumber prices, demand isn't slowing down. The work-from-home revolution is still here, which means people are still at home doing projects. An even bigger catalyst is the housing market... A new analysis from Freddie-Mac -- the mortgage finance company -- revealed that the U.S. housing market is 3.8 million single-family homes short of what is needed to meet the country's demand. I have buddies that are builders, and they are booked out solid for the next year. Even crazier are the margins that these home-builders are now producing. Local builders where I'm located have told me they are building homes with over 30% margin... this is double, even triple their regular margins. Upon hearing this, I dove into the financials of one of the largest homebuilders in the United States, Lennar Corp. (NYSE: LEN), to see if they too were enjoying thicker profit margins. They are... For instance, Lennar's gross margins in its latest quarter have swelled to 26.1%. Two years ago for the same quarter, margins were 19%. Operating profit margins tell a similar story... in its most recent two quarters these figures came in at 16.1% and 16.8%. The same two quarters in 2019 were 8.4% and 12.4%, respectively. That's huge. To put that into perspective, companies are excited if they can squeeze an extra one or two percentage points out of their margins. Let's Profit From The Trend (Again) I originally made this prediction about lumber prices for my [2021 Predictions Report]( for my Top Stock Advisor service. In that report, I shared the names of a couple of timber names that are likely to provide good returns for investors over the long-run. But over at my Maximum Profit trading service, we've already profited from the booming real estate market several times. For example, we made trades in eXp World Holdings (Nasdaq: EXPI) -- twice -- and Zillow Group (Nasdaq: ZG). We made a quick 10% return in EXPI in just 14 days, then pulled out a 40% gain in about two months. Shares of Zillow Group doubled during the time we held it (our official return was lower as we pulled profits along the way). Recently, I made the decision to jump back into this space, albeit indirectly in Maximum Profit. This time around, we went straight to the source, as my system has flagged two lumber companies as "Buys". If history is any guide, we'll be able to ride this trend for as long as it lasts and make a killing. [Go here if you'd like to check out my latest research now.]( -[]Recommended Link [TThe World's Wealthiest Corporations Can't Survive Without This…]( [The World's Wealthiest Corporations Can't Survive Without This…]( What do Apple, Google, Walmart, Disney and over 1,300 other major companies have in common? There's something they ALL desperately need. And there's one company they're rushing to for it. One that's already showering investors with 581% returns... and payouts that have soared 735% over the last nine years. [Click here ASAP to get all the details on it.]( To ensure that you receive these emails, [please add us to your address book.]( Disclosure: StreetAuthority doesn't own shares of any securities mentioned in this article. Members of our staff are restricted from buying or selling any securities for three days after being featured in our advisories or on our website. StreetAuthority is a publisher of financial news and opinions. StreetAuthority is not a securities broker/dealer or an investment advisor and we do not recommend or endorse any brokers, dealers or investment advisors. This work is based on SEC filings, current events, interviews, corporate press releases and publicly available information which may contain errors. All information contained in our newsletters and/or on our website(s) should be independently verified with the companies or sources mentioned. 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