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Insider: Why lumber prices have already bottomed, but will see upside capped at 15% over the next 2 years, according to an investing chief

Isabelle Lee | August 11 , 2021

In an exclusive interview, Insider reporter Isabelle Lee spoke to Mace McCain, chief investment officer at Frost Investment Advisors, capturing his analysis on lumber prices.  

"We're out of the panic buying. We're out of the massive industry shortages. We're out of the extremes," McCain told Insider. "[Lumber] is reaching a state of equilibrium because housing is reaching a state of equilibrium. We're going to see a stabilization."

"The main thing that usually will soften a real estate market is when the Fed decides to tighten and interest rates go up," he told Insider. "I don't think the Fed is going to be aggressive. I don't think the Fed is going to do anything to destroy the mortgage market."

Excerpted from Insider on August 11, 2021. To read full article, click here.

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