lumbering prices are at staggering heights.if you look at lumber futures every day, they go up day after day after day after day, limit up, limit up. you would think we are looking at bitcoin. romaine: this is the real asset class. we are focused on other speculative areas, but when we talk about inflation and the concerns, a lot of people pointing to lumber as a harbinger of things to come. joe: this is what you should be hoarding in your apartment, not gold. joining us with more insight is the ceo of deakins lumber company. thank you for joining us. help us understand the lumber trading ecosystem. what is your role, how do you play in the space? >> in the supply chain, i am a trader. i provide liquidity to buyers and sellers. market futures on the cash market is not liquid, so i stand in between and try to buy low and sell on the price of lumber. caroline: how much harder is your job making liquidity when everyone wants to buy? >> it is tough. sourcing product, it is not about the price. the price is a byproduct of what is ha

lumber you -- who sell to lumber yard. lumber yards sell to builders.aterials exchange, trading platform for wood products, saw deal recently, that had never been seen before by anyone i have spoken with. that was, a liver yard selling oriented strand board, osb -- a lumberyard selling oriented strand board, osb, lower-cost plywood used to make floors, walls, rows of houses. and a truckload was sold to a distributor. that is what traders are calling a supply chain reversal. everyone i spoke with had never seen anything like that before. the reason this happened is because, there are supply shortages for building materials now. a builder cannot frame a house and wait 3, 6 weeks for osb to arrive, you cannot leave it out to the elements and wait for windows and roofing to arise -- arrive. builders are starting to postpone some projects. this means that some lumber yards are finding themselves with excess inventory. that is what happened in this case. caroline: amazing reporting. once-in-a-lifetime for you on the first time we have seen at and we love that

lumber back where it is hot. joe: i got my second shot today. not going to be looking at anything tonight. romaine: is this the way you are telling us you're not going to be here tomorrow? joe: exactly right. caroline: stay well. that does it for what'd you miss? ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. emily: i'm emily chang in san francisco. welcome to a special edition of bloomberg technology. we are covering those earth day with a hard look at the challenges facing our planet and bringing you some solutions. we are speaking with the google sustainability officer, the former tesla cto who is working

we will talk about that lumber shortage.llie wolf, chief economist will be joining us after the break. this is bloomberg. ♪ >> today, we're focused on the signals of the global economic recovery. one part of the recovery that remains red-hot in the united states was housing. tomorrow, we start to get the latest round of the data on the sector and we're are pretty sure that it will stay pretty hot. >> housing, absolutely on fire. we were talking about it in canada. in the u.s., we are getting more data tomorrow. home sales are excited to come in at an annual rate of 6.1 million. impressive. let's bring in allie wolf for more. is there anything curving the momentum in housing? >> on the demand side? no. housing is crazy. i could pick up a dart and throw it at a map of the u.s. and i could bet money that is universal across price point and or groups. they are doing really well. >> it is going well. they look at the rate environment. once you, the floor, that is the scoop on people. then there is the whole issue of availability

>>> more local news at 5:30, lumber prices hit historic levels, how a shortage could price out bay area homebuyers. >>> here from a bay area lawmaker leading the charge on gun safety. his thoughts on the president's actions and how he wants congress to go even further. >>> looking live at chase center, warriors fans get ready, chase center is welcoming dub nation to watch games in person for the first time in over a year. good evening, i'm elizabeth cook. >> i am alan martin. vern glenn joins us now with what to expect and how you can score a ticket. >> i love the look of that, a shot at chase center, up until now the warriors, opponents, and essential employees only have been in the building but that is about to change. the team announced that fans will be allowed to return for games starting april 23rd at 35% capacity. a little over 6000. tickets go on sale starting next wednesday and for dub nation, it is about time. >> i think it is awesome. it is great to start getting back to normal. >> i would be pretty comfortable as long as everybody kept their hands to themselves and wore a ma

places like lumber yards and home improvement stores have been very busy. prices of goods has gone up as well. that trend is probably going to continue at ashby lumber in concord business is booming because of the pandemic. people are spending more time at home and many are remodeling their houses are starting new projects. but the price of raw construction materials like lumber is way up in court materials from material. she goods. >> it's tripled over the last year toe is the outside sales manager here at ashby lumber. he says prices are up because there have been supply chain issues across the country that started a year ago when the pandemic hit a lot of our suppliers. >> and it helping to prepare for what we thought was going to be a downturn. the opposite actually ended up happening. and so it was hard for them to catch back up. >> then with the second wave of covid happening. it shut down a lot of production therefore the chain was in fact even further therefore causing again, high demand low supply increase prices. >> even as the pandemic eases ashb

places like lumber yards and home improvement stores have been very busy.ut the prices of goods has gone up as well. that trend is probably going to continue at ashby lumber in concord business is booming because of the pandemic. people are spending more time at home and many are remodeling their houses are starting new projects. but the price of raw construction materials like lumber is way up in court materials from material. she goods. >> it's tripled over the last year is the outside sales manager here at ashby lumber. he says prices are up because there have been supply chain issues across the country that started a year ago when the pandemic hit a lot of our suppliers. >> and it helping to prepare for what we thought was going to be a downturn. the opposite actually end up happening. and so it was hard for them to catch back up. >> then with the second wave of covid happening. it shut down a lot of production therefore chain was in fact even further therefore causing again, high demand low supply increase prices. >> even as the pandemic eases ashby lu

lumber was harvested around the civil war, and a lot of the trees that were turned into this lumber >> reporteter: thehe antntique pipine was savaved f from crumb row homes like these. >> so it has a grain that you wouldn't find today. it has a color you wouldn't find today. and it really just as importantly to us, it has a story. we can able to kind of hold on to that little bit of history. >> reporter: max pollack is the founder of brick and board, a company that sells reclclaimed wood and other salvageged materl in babaltimore, a a cityy witit estimated 16,000 vacant and abandoned properties. for five years you've been a part of what people describe as the urban lumber movement. what is it and how do you seee yourself fittiting i into itit? >> it r refers to both lumber that's's harvesteded from build that wouldld o otherwise b be discscarded andd sent to a a landfill, and it a also referer capturining materiaial that fal during storms. >> repeporter: woodworkers acro the countntry are buildingg the movement. but pollack says there's more work to be done. >> if you were to poll 1

that trend is probably going to continue at ashby lumber in concord. business is booming because of the pandemic. people are spending more time at home and many are remodeling their houses are starting new projects. but the price of raw construction materials like lumber is way up in court materials, framing material. she goods. >> it's tripled over the last year is the outside sales manager here at ashby lumber. he says prices are up because there have been supply chain issues across the country that started a year ago when the pandemic hit a lot of our suppliers. >> and it helping to prepare for what we thought was going to be a downturn. the opposite actually ended up happening. and so it was hard for them to catch back up. >> then with the second wave of covid happening. it shut down a lot of production therefore chain was in fact even further therefore causing again, high demand low supply increase prices. >> even as the pandemic eases ashby lumber expects things to stay busy and for prices to stay high for the foreseeable future. people are prett

lumber is $600 wow.he futures market not only is that a record high, but a record record. it has never been anywhere close to this high price of lumber is 39% jump so far this year. demand for homes forget about covid and everybody moving demographics are destiny we have a lot of millennials riding that family creation age. they will need homes probably not do it in new york city price of wood absolutely soaring. let's get to the other top stories outside of trees. >>> bertha coombs is back. we could do a whole segment. i've never seen a poem so beautiful as a tree. that was joyce kilmer oates? >> reporter: oh, boy i need to search the database. there are plenty of millennial families in new york they have not all moved away meantime, president biden plans to meet with the prime minister of japan in washington, d.c. tomorrow in what will be the first in-person summit with a foreign leader since his inauguration political analysts take china's influence in the region and around the world will be the numbe

the cost of lumber, the cost of labor.the job site, you sell not direct to consumer but suppliers or wholesalers >> business to business. >> the contractor i hire to do will price to job to me and it get dous down to finishing deta. are you seeing a shift from the highest end product that you might manufacturer to a more bargain or mid price product because people are saying, well -- i'm concerned about the total kocost of my job >> it used to be that cabinets were the first thing you selected consumer tend to spend more money on smarter appliances so a lot of times cabinetry is the last item in the budget they are trying to save more on a value price point but a higher quality product they are not spending on the luxury side of cabinetry that's where they are trying to save their money >> final question. to what extent are you able or have you been forced to quote, pass along the cost increases to your buyers? >> through increased efficiencies we have been able to mitigate some of our costs. we held on as long as we can e

when the lumber mill closed most people here lost their jobs some took to the bottle. they're drinking wine you know that about you well right now you know it would be more worth it what else is there to do apart from drink and drive cars you know. petrovitch doesn't drink and drive he always takes a long food prepared by his wife fallon tina. hears the chan what's taking so long. there's also picking cucumbers and fruit preserves. the 2 have been together for 40 years living in harmony. he's always full of energy. and he's always on duty hi alina. the phone rings day and night no worries lena and picking brett up tonight. the villagers depend on him many can match in their lives without petrovich no other death. you could be called me recently. used to driving the train she said oh yeah you please don't stop till i'm dead or go with you because i said to her you crazy that you have to move and you know what this is a month later she was dead. so i carried out her last wish i took her to the cemetery. petrovich plans to carry on driving his train for 10 more years unti

guy, you follow closely, lumber futures hit a record. i guess the question here is does transportation - does transistory have an impact on what businesses do, and is a negative impact regardless how the fed regards the flips in inflation. >> it's fascinating. first i am shocked you knew who basketball player is >> even better didn't he play for uconn. >> you insulting me, you're not going to get me. he's one of the many great people out of georgetown university 1 is. if you send where will yields be at i would have been wrong. it's fascinated to me how well the bond market traded at certain point if prices to get to a certain price and flatten out inflation does as well -- i will tell you lumber prices through the roof we heard goldman sachs talk about copper i think today. through the roof soft commodities, look at grant market through the roof gasoline going higher. all pointing to extraordinary inflation airy times and yet the bonds market today makes zero sense to me, you can explain it five different ways, karen did a great job, st

. >> i think what might be the new bitcoin, lumber has gone absolutely nuts.wo by four prices, i don't have to explain what a two by four is its use for framing houses that is up more than 50% in price over the past month, it is triple since before the pandemic the issue is not that there's a wood shortage but lumberyard's guessed wrong at the start of the pandemic and nobody will want to build anything they stop ordering and everybody sitting at home with stimulus checks and thinking about do-it-yourself projects so there's fierce demand and a shortage of new houses, homebuilders are desperate for lumber and your most at capacity, when you look at profit in stock prices they are exploding right now, timber, and therefore, those are canadian companies but even the americans are getting in on the pacific and that one might have some upside and strap on your toolbelt, it's all about wood. jack: lumber is an interesting investment if the prices plummet you can sit on your tree holdings and they will grow until you can sell more for more not to mention nobody's go

lumber up 57% in 90 days good grief >>> when we come back, spac on defense.er one research shop calls that a pump and dump stock who is that? we will show you >>> plus, two days as a publicly traded company and coinbase has a new bestie we will talk about who is doing big-time buying. >>> later on, president biden putting pressure on china and russia will it work or will they test us former u.s. ambassador thomas pickering is here to weigh in. 'rba aer ts. >>> welcome back time for the big three stock market stories right now stock one, quantumscape. calling them a pump and dump spac it dropped more than 12% in the regular session. it did regain the losses that is a battle to watch. stock number two ppg paint. the company popping after blowout guidance guidance was good as everybody is fixing up home and painting them stock number they is coinbase. of course. the first days of the public market kathy wood says $350 million was snapped up valuing the crypto about 43% lower than the $112 billion it was worth at the peak of the debut. $112 billion >>> all right.

trucking delays and worker sorters at lumber yards -- worker shortages have added to the cost.s. homebuilding is expected to deepen constraints. >> lumber is going up, inflation is going up and stucco is going up and concrete is going up. batting is getting passed onto the consumer. >> according to the national association of homebuilders, would cost have added $24,000 to the price of the average new house. lumber prices are expected to stay elevated for months to come. ♪ david: masks off, taxes up, and the fed stays put. this is bloomberg's "wall street week." i'm david westin. this week's special contributor larry summers of harvard on the fed playing chicken. >> i think it is an economy on fire. david: daniel on the shortage of restaurant workers. and on the president's tax plan. >> the greatest science experiment conducted in the history of economic policy. david: katie koch of goldman. be sure prasada of cornell on the covid catastrophe in

lumber doesn't just go into framing a house.added costs for cabinet, doors, windows, flooring then you've got your gypsum. that's dry wall. prices up 7% from a year ago st steel mill up 18% since march. copper set a new record high this month what do you put all this pricey stuff on you put it on land the price is up 11% so far this year compared with the same period last year that's because demand is so high, supply is so low new lot supply down 20% from a year ago all this according to zonda. the inventory is tightest in decision, baltimore, san francisco with baltimore and nashville seeing the biggest drop lot supply in 90% of the to markets draptracked is consider significantly under supplied and that is why you are paying more for a new home >> i hear about it all the time. some who are involved in building a home but just you are aware in town the costs of every aspect of putting one up mortgage rates are up. we know they are still historically low is that having any impact on the housing right or all these other factors f

look at lumber. we had a sawmill company said today they could not hit their estimates, because they were having shortages of freight and majestic's in the trucking -- logistics in the trucking and rail companies, so there is compounding bottlenecks at the margins. what does it look like? do you have a timeline for the supply-side? >> you are 100% right. you should see the supply curve shifts out, so there are challenges, but there are reasons behind all of these challenges on the supply-side, whether it is what happened around the delays, supply chain issues as a result of the fact there are a lot of concerns. so, i think it is reasonable to argue that these are issues that can be resolved, and there is clearly an incentive to do so on the part of manufacturers, producers. it is just a matter of having enough time to get through these challenges to meet the increasing demand. i imagine the next few months that this tension will continue. it's not something that we can snap our finger to resolve. tha

it takes lumber. and plaster. it takes paint.wer and all of the products of the very gigantic factory that is america. it takes science, a lot of american know-how and a lot of tinkering in rochester, and experimenting with the mysteries of electronics and continual research, people constantly working to improve the qualities of photographery and the production of sound, and people working in publicity, and advertising and exploitation, and distribution, arranging dates and schedules, inspecting. repairing and servicing film and exchanges from where it is shipped to thousands of theaters, most of which are independently owned. these people are working for your entertainment. making it possible for you to say, let's go to the movies. there are so many interesting facets to its arts, crafts and sciences, but each takes a different one to tell part of the story. we will tell you about the exhibiter, the distributor, the screen writer, the art director, the director, the cameraman, the actor. the sound man. the music director. the fi

i mean it looks like lumber.k at the charts on the bloomberg agricultural spot index that are ab -- absolutely soaring. break out the individuals, they are going next -- nuts. caroline: the place to be is the new speculative trade. joe: mia b -- maybe elon musk has corn and soy and wheat. joining us now, investors scott irwin, chair of agricultural marketing. we talked to you a couple of months ago when the rally was well over -- well under way and you talked about chinese restocking as a major driver. china buying a bunch of agricultural goods, sending up the price. is that still what's going on or is there another dynamic pushing prices higher? prof. irwin: well, that's kind of the overall context, it's what fueled the initial stage of the rally, chinese buying, phenomenal up to the latest data we have had, 900 bushels of corn in a good year, would have been 200 million bushes. what they are buying, it has slowed down quite a bit in the last month. i think it is some other factors really pushing prices higher j

the price of lumber going up. john?. one owner in florida is filling the void by using robots. who better than to talk about this than ashley webster. ashley? >> i'm not a robot but this little guy here is. he name is peanut. when you walk into this seafood restaurant in hollywood, florida, you'll be greeted mr. peanut we hope will take us to the table. let's go, mr. peanut. mr. peanut takes us to the table. we're tight on time. by the way, no one available who wants a job. they cannot fill the jobs here. this is why peanut was bought by the owner. is this the table, peanut? there you have it. thank you very much. there's two other robots. one that will serve you and one that will sing happy birthday in three different languages if you should need that. >> john: one way to fill the employee gap. >> sandra: i here canon in d. >> indeed. >> john: if you took that police dog and put a tray on the top of it, it could serve the drinks and food to people. >> sandra: ashley, enjoy. thanks so much for joining us. john, great to

the difference between lumber prices, what lumber companies pay to landowners for trees. sawmills are exploding. timber hit the lowest level since 20 11. -- 2011. europe come also laying out criteria for investing. a key part in the plan in this carbon permit. you think of it as the cost for pollution. price has reached a fresh record this weekend are up about 40% so far this year. president biden promised to cut u.s. greenhouse gas, emissions in half by 2030 as he opened up a virtual summit with 40 world leaders. >> no nation can solve this crisis on their own as i know you will fully understand. all of us, particularly those who represent the world's largest economies, we have to step up. >> i'm joined now by our bloomberg energy financer. how does that compare to major economies? >> the target out today marks a significant omission. -- significant ambition. the same ambition in the 2025 pledge out to 2030. with a reduction of around dirty something -- 30%. it does mark a significant increase in ambition and it puts the u.s. more on a path with the u.k. and the eu, whic

and it's not just lumber.he united states is facing a supply chain crisis as more than a dozen cargo sit outside anchored off the coast of l a harbor and long beach waiting for dock space to open up so they can offload each ship is carrying millions of dollars worth of imports. some of them have been waiting offshore for weeks. experts say the delays might last through the summer. issue first began around last october due to labor and equipment shortages. >> coming up next to 10 from communion to a covid-19 vaccine. how places of worship or now helping their communities, try to beat the pandemic. also 100 days later the investigation into the january 6 riot at the capitol. it's getting bigger. what we're learning about the first person to plead guilty and more than wishful thinking. apparently a new study is suggesting that adding chocolate to your diet could help you lose weight. >> and little foggy in a move in tonight. looks like a very warm weekend. but next weekend, could we be talking about some rain. we

when the lumber mill closed most people here lost their jobs some took to the bottle there i've been drinking wine you know that you were right it's not a good one we're going to look. at what else is there is into apart from drink and drive cars you know. petrovitch doesn't drink and drive he always takes a long food prepared by his wife fallon tina. hears the chan what's taking so long. there's also picking cucumbers and fruit preserves. the 2 have been together for 40 years living in harmony. he's always full of energy. and he's always on duty hi lynn. the phone rings day and night no worries lena and picking brought up tonight. the villagers depend on him many can match in their lives without petrovich nor their death. you could get one called me recently. used to driving the train she said oh yeah you please don't stop till i'm dead but 1st i said to her are you crazy that you have to move and you know perhaps this is a month later she was dead. so i carried out her last wish i took her to the cemetery. petrovich plans to carry on driving his train for 10 more years until the la

together with jani a photographer he heads for a nearby lumber yard to gather evidence. was. just a thumb up article to the marks on the logs document the origins of the temper and the intended purchaser look like he made me out of. the timber here comes from a company that the activists have already run across during their investigation when i. was. like oh i've got to go this was to be several hundreds of us over sold one was most of it just might be coming from any old forest fire you have trees with different dates you see the visit has paid off. so now we know that this one particular area for the slogan go in on the hundreds of silver at least experiences in the old forest same number there and same number here sold 6 leagues and it's got to be anybody other than the 1st company to be holding so it's it's one of them now with all the rest. of the activists now know which companies are operating here the guard arrives too late to intervene. and the guard asks mati what the 2 of them are doing and wants to know their names in. the minute that monti refuses politely but fi

one the lumber mill closed most people here lost their jobs some took to the bottle of beer drinking wine you know that about you were right snotty and one would be going with what what else is there to do apart from drink and drive cars. petrovich doesn't drink and drive he always takes a long food prepared by his wife valentino. hears the chan what's taking so long. there's also picking cucumbers and fruit preserves. the 2 have been together for 40 years living in harmony. he's always full of energy. and he's always on duty hi lynn. the phone rings day and night no worries lena and picking brought up tonight. the villagers depend on him many can match in their lives without petrovich nor their death. you could get one by bush called me recently. i used to be driving the train she said oh yeah you please don't stop till i'm dead. i said to her are you crazy that you have to move and you can't it's a month later she was dead. so i carried out her last wish i took her to the cemetery. petrovich plans to carry on driving his train for 10 more years until the last villager has left so i

together with jani a photographer he has for a nearby lumber yard to gather evidence. was. just a thumb up article to the marks on the logs document the origins of the temper and the intended purchaser look likely many out of. the timber here comes from a company that the activists have already run across during their investigation. it was. like oh i've got to go this was to be several hundreds of years old so what about some of this might be coming from any old for us very you have trees with different weights you see the visit has paid off. so now we know that just one parts for every other this will be in goal and on the trees of silver at least excuses and old forest same number there and same number here so will 6 leagues but it's going to be anybody other than the 1st 'd all to secure the company to be all being sold it's it's one of them now we know that. the activists now know which companies are operating here the guard arrives too late to intervene. and build their guard asks monti what the 2 of them are doing and wants to know their names and. you should know tha

together with jani a photographer he has for a nearby lumber yard to gather evidence. was. just a thumb up article to the marks on the logs document the origins of the temper and the intended purchaser look like he may be out of. the timber here comes from a company that the activists have already run across during their investigation or . was. like oh i've got to go this will be several hundreds of us over sold one was a bus and it just might be coming from an old forest there you have trees with different weights you see the visit has paid off. so now with all of this one particular area for the slogan go in on how beautiful for at least excuses and old forest same number there and same number here sold 6 leaflets but it's got to be anybody other than the 1st of the 2nd company to be called being sold it's it's one of them now when all the rest. of the activists now know which companies are operating here the guard arrives too late to intervene. and both the guard asks monte what the 2 of them were doing and wants to know their names in. the. news that none of them might

lumber might be a little overdone. maybe lumber is a little excited on the upside.orn can go higher, wheat and beans and cotton can go higher. moving from the lower left of the upper right. as long as the monetary -- lisa: something you have been an expert on for decades, gold. one commodity that has not participated in this incredible rally. a lot of people have wondered why it has remained suppressed. some people investing in bitcoin say, how much more upside is there in a world that is still dominated by some of these younger, newfangled ideas such as bitcoin? dennis: no question bitcoin. have taken margins. no question about that. that will continue. just like i void the high-tech stocks, i have avoided bitcoin. those who have done well in it, i wish them well. i'm not sure he will continue must up i will still own gold and nothing gold now the possible days has broken out to the upside. i think most of the selling has occurred and is the chairman of university of akron endowment, five or six weeks ago, we took our first position in goal for the first time ever

. >>> our original series project home, lumber sticker shot. ripple effect of a shortage. >>> the modern-day lost and found story, a gopro left underwater for four years. >>> more local news at 5:30, lumber prices hit historic levels, how a shortage could price out bay area homebuyers. >>> here from a bay area lawmaker leading the charge on gun safety. his thoughts on the president's actions and how he wants congress to go even further. >>> looking live at chase center, warriors fans get ready, chase center is welcoming dub nation to watch games in person for the first time in over a year. good evening, i'm elizabeth cook. >> i am alan martin. vern glenn joins us now with what to expect and how you can score a ticket. >> i love the look of that, a shot at chase center, up until now the warriors, opponents, and essential employees only have been in the building but that is about to change. the team announced that fans will be allowed to return for games starting april 23rd at

together with jani a photographer he has for a nearby lumber yard to gather evidence. was. just that the methodical to the marks on the logs documented the origins of the temper and the intended purchaser look like he made me out of. the timber here comes from a company that the activists have already run across during their investigation. was. a cook like up to go this must be several hundreds of years old so one mother mustn't it just might be coming from an old forest there you have trees of a different age you see the visit has paid off. so now we know that in this one particular area of her this will be a goal and on that happy to sell for at least its use in old forest same number there and same number here so will sickly and it's got to be a neat on the other on the 1st of the 2nd company to be called being sold it's it's one of them now when all the rest. of the activists now know which companies are operating here the guard arrives too late to intervene. and the guard asks mati what the 2 of them were doing and wants to know their names and can. you actually look a

when the lumber mill closed most people here lost their jobs some took to the bottle. big drinking lying about you were right now you know we're going to look. at what else is theirs into apart from drink and drive cars. petrovich doesn't drink and drive he always takes a long food prepared by his wife fallon tina. hears the chan what's taking so long. there is also picking cucumber and fruit preserves. the 2 have been together for 40 years living in harmony. he's always full of energy. and he's always on duty hi alina. the phone rings day and night no worries lena and picking brett up tonight. the villagers depend on him many can imagine their lives without petrovich know their death. you could get one recently. used to driving the train she said oh yeah you please don't stop till i'm dead but you are so i said to her are you crazy that you have to move and you can't is it a month later she was dead. so i carried out her last wish you i took her to the cemetery. petrovich plans to carry on driving his train for 10 more years until the last villager has left so i go. t

together with jani a photographer he has for a nearby lumber yard to gather evidence. was. just the time of the article to the marks on the logs document the origins of the temper and the intended purchaser look likely many of. the timber here comes from a company that the activists have already run across during their investigation. it was. like oh i got to go this was the several hundreds of us over sold one watching mustn't it just might be coming from any old forest fire you have trees of a different age you see the visit has paid off. so now we know that this one particularly up as a slogan goal in uninhabitable for at least excuses in the old forest same number there and same number here sold sickly to them it's going to be anything on the other on the 1st of the 2nd company to be all being sold it's it's one of them we know that. the activists now know which companies are operating here the guard arrives too late to intervene. and the guard asks mati what the 2 of them were doing and wants to know their names and. it was the minute that he refuses politely but firmly

we have seen over the last four or five mont mo months that is what i have never seen before the lumberback domestically if we can get the full supply on, we can get lumber to level out a bit. like i said, although costs are recognizing, when you look at the limited supply, prices are up we have to keep our eye on, brian, is portability. when i look year over year, given the benefit of interest rates we're seeing today, the consumer is still ahead of where they were last year. i think about the buying power they have today over a year ago. even if i think about the affordability index that just was published in "the national association of realtors" we are still above the long-term average. >> you know, it used to be you walk around the house and poke around say imagine the picture here on the wall now everything is online some people are buying homes without setting foot in a house. you are launching a new ecommerce tool for housing how does it work exactly what can i do from my phone to buy the biggest investment that many of our viewers will ever make in their lives? >> brian, it's a

below are men with a blueprint of mathematical tools, lumber yak, model air plant. elderly plan with farming utensils, farm workers and the forefront of if fresco depicts historical figures important to the development and art in the state of california including the of scaffold and victor barn hoff. he focused on blue-collar workers, which was in line with the socialist, not communist beliefs and was meant to highlight the workers that kept the state afloat and moved it forward. i look forward to your support of this initiation and hopefully in the near future we will have landmarked all three of rivera's treasures for the city and county of san francisco. as i mentioned earlier the one we previously initiated will be in front of historic preservation commission on may 5th. thank you planning commission staff for their work to develop a report on that one. i am happy to hear from planning department staff. i want to thank my open staff. >> thank you very much for that thorough and fascinating presentation supervisor peskin. mr. carol, let's go to public comment, pl

lumber mills in this country, and we also have tariffs that former president trump put on canada, and think that it's incumbent upon president biden to call trudeau today and say we want to take those tariffs off, we need your lumber, and then lumber would, it would be cut in half it is a very easy call you get a guy like doug yearly who is such a great home builder, the ceo of toll and he will tell you, it's a one phone call situation we got to remove the tariff. and then immediately, it would break the price. copper, a long time ago, they decided to diversify to pvc, but pcv is hurt again by super storm uri and i regret i wasn't more involved and what went on in louisiana, and what went on in eastern texas, because they blew up a lot of factory, and the factories have not come back online chevron says that it is a $300 million loss i just think, carl we will be performing at such a great level in this country, i'm not concerned about any of the outliers it's just going to be a fantastic time it really is. >> that's interesting. we will be talking about that kind of mindset as we mov

courtney reagan. >>> lumber prices have skyrocketed, nearly 300% over the past year.hether higher commodity costs could start weighing on the housing industry. >>> we will bring you to president biden's news conference with the prime minister of japan as soon as it begins the first foreign leader to meet president biden at the white house. as we head to break, here's a check on the big winners and losers in the dow today, which closed at another record high above 34,000 these days you have to keep everything moving and reinvent the wheel. with a hybrid, you can do both. that's why manufacturers are going hybrid with ibm. with watson on a hybrid cloud factories can use ai to automate the little things so they can focus on the next big thing. businesses that want to innovate at scale are going with a smarter hybrid cloud using the technology and expertise of ibm. lately, it's been hard to think about the future. but thinking about the future, is human nature. ♪♪ at edward jones, our 19,000 financial advisors listen and work with you to create personalized investment str

the average lumber historically has been between $300 and $400 per 1,000 board feet.0 range by summer. >> reporter: he doesn't think lumber costs will return to normal levels until the middle of next year. cbs news, new york. >>> welcome to "cbs this morning saturday." i'm jeff glor with michelle miller and dana jacobson. coming up this hour, wild caught has been a desired attribute at the fish counter. but that may be changing. we'll hear from experts on why fish farming may be repairing a bad reputation to become a key player in the world's food supply. >>> then, it was all in the cards when the tops corporation started selling these beloved tokens of the sport. 70 years latertator still at it. we'll look at the past and future of the iconic sports collectibles. >>> from the disruption of the pandemic to hostility toward asian americans, it's been a year of big challenges for chef beverly kim. on "the dish," we'll see how she reached out to help all her communities while still producing the award-winning cuisine these known for. that and more is ahead. >>> first, ou

perspective and the laws, labor and lumber and get things moving we'll see even more homes starts ins country to keep pace with the demand that we are seeing driven by just a ton of household formations. >> prices are up but i guess sales are dropping for the number of sales for existing homes. is there anything about the current market that reminds you of the market in the 2005 which was the peak nationally? anything there that makes you concerned? >> tyler, just to correct you. the pace is month over month dropped but year over year gained. >> right. >> by double digits so the units are there. not just the price which is at hundred straight months in a row and i think that's what people get concerned about is a potential bubble but i don't think there's the same thing where there was call it '06, '07, '08 with 20 months of supply out there on inventory. today as you know we're stricken, one or two months supply and i think that fact that you also got 160 million millennials getting boo the main earning years, starting families, not wanting to live in the parent's basement or the ti

how about lumber prices?to climb, and the price of lumber, by the way, seen as a proxy for home and commercial construction, has sailed 93% higher this year as more and more americans spend time there freshening up their homes with new prompts, new decks and, of course, as they look to fill those new spaces with chairs and couches and furniture, they have major demand from the manufacturers who are falling behind. far behind. let's get to grady trimble live in hickory, north carolina, known as the furniture capital of the world. grady. >> reporter: hey, liz. and they are working as fast as they can to keep up with that surge in demand, but it's been going on since last fall, and it has not slowed down at all. these furniture makers, they're working hard like at hickory chair where we are. but one thing that they can't control is the supplies, the wood, the metal, the prices of those items have gone up, and if they can find it, you know, they're paying more for it. another issue that they're having is you see