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The housing industry boom has been driving the lumber industry since last year because home construction and renovation activities have been on an upswing. Lumber prices have tripled over the past year and are expected to continue rising. Because the Fed is still holding interest rates at near zero levels, rising high demand in the housing market and surging commodity prices should drive-up lumber prices to fresh highs soon.
While BCC has gained 103.8% over the past year, EVA has returned 54.2%. However, in terms of their past six months’ performance, BCC is a clear winner with 47.5% returns versus EVA’s 12.4% gains. But which of these two stocks is a better pick now? Let’s find out.
