Comment on Lumber prices have soared 230% in the last year, pushing timber and homebuilding ETFs to record highs

Lumber prices have soared 230% in the last year, pushing timber and homebuilding ETFs to record highs

Justin Sullivan/Getty Images Lumber's 230% 12-month rally has pushed timber and homebuilding ETFs to record highs. The iShares Global Timber & Forestry ETF has climbed 89% in the last year, Bloomberg first reported. While the triple-leveraged Direxion Daily Homebuilders & Supplies Bull 3X Shares fund has surged roughly 100% year-to-date. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Lumber has staged an incredible rally in the last year and is taking exchange-traded funds that track the commodity along for the ride.The iShares Global Timber & Forestry ETF (WOOD) has climbed 89% in the last 12 months and now sits at a record high.

 

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