Monthly chart doesn't look that great IMO, ripe for at least aa 20% correction.
------Technicals------------
Monthly price is extended WAY above MAs, and rejected to top trendline that runs back to 2008.
Lumber Prices have gone down a LOT - check LBS1!
------Macro-----------
Everyone that wants to buy a home - has bought one. We are about to enter a...
Since hitting a high around $65 in late 2014 REZ has been somewhat range bound between 64-55. As the residential real estate market is highly effected by federal interest rates, the upcoming Fed meeting will likely have an impact on price. If the fed decided to continue raising rates I can see REZ puling back to the bottom of the range. Even if the Fed decides to...
