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The shortage is delaying construction of badly needed new homes, complicating renovations of existing ones and causing sticker shock for buyers in what was already a scorching market.
Home for sale (Source: Pixabay) by Matt Egan, CNN Business — May 5, 2021 . RALEIGH – As the pandemic crushed the US economy last spring, sawmills shut down lumber production to brace for a housing slump. The slump never arrived and now there isn’t enough lumber to feed the red-hot housing market. The shortage is delaying construction of badly needed new homes, complicating renovations of existing ones and causing sticker shock for buyers in what was already a scorching market. Random-length lumber futures hit a record high of $1,615 on Tuesday, a staggering sevenfold gain from the low ...
Meritage Homes Corp (MTH) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Meritage Homes Corp (NYSE: MTH) Popular Searches Operator Hello, and welcome to the Meritage Homes First Quarter 2021 Analyst Call. [Operator Instructions] [Operator Instructions] It's now my pleasure to turn the call over to Emily Tadano. Please go ahead.SPONSORED: 10 stocks we like better than Meritage Homes When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have...
Operator Hello and thank you for standing by and welcome to JELD-WEN First Quarter 2021 Earnings Conference Call. [Operator Instructions] After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's call is being recorded. I would now like to turn the call over to Chris Teachout, Director of Investor Relations. Please go ahead. Chris Teachout -- Director, Investor Relations Thank you. Good morning, everyone. We issued our earnings press release this morning and posted a slide presentation to the Investor Relations porti...
Masco Corp (MAS) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Masco Corp (NYSE: MAS) Operator Good morning, ladies and gentlemen, welcome to Masco Corporation's First Quarter 2021 Conference Call. My name is Michelle and I will be your operator for today's call. [Operator Instructions]. I will now turn the call over to David Chaika, Vice President, Treasurer, and Investor Relations, you may begin.SPONSORED: 10 stocks we like better than Masco When investing geniuses David and Tom Gardner have a stock...