News & Insights
Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
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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