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https://www.barrons.com/articles/housing-market-pvc-pipe-prices-51664912351 Cgt Pool Pattern
As rising interest rates interest rates pummel the housing market, the ripple effects are spreading far and wide. The price of lumber, for instance, is down some 60% this year as home builders retreat. Some less visible components of houses are also taking big hits.
Consider PVC piping, a simple but versatile piece of equipment that is used for plumbing and other home projects. The average spot price of PVC fell 46% from the second quarter to the third quarter, according to the energy research firm and investment bank Tudor, Pickering Holt & Co., cutting deeply into the profitability of companies that sell it.
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As rising interest rates interest rates pummel the housing market, the ripple effects are spreading far and wide.
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