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According to the National Association of Home Builders (NAHB), the surge in lumber prices in the past year has added $35,872 to the price of an average new single-family home and $12,966 to the market value of an average new multi-family home. And because interest rates are expected to remain low for the foreseeable future, rising housing activities should continue to drive-up lumber prices.
Given this backdrop, we think it is wise to bet on Louisiana-Pacific Corporation (LPX), PotlatchDeltic Corporation (PCH), and Masonite International Corporation (DOOR) because they are likely to benefit from the rise in lumber prices.
