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Another sign of housing strength, Union Pacific (UNP) is pulling rail cars from storage for the...
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Wednesday, August 8, 2012, 3:32 PM ETAnother sign of housing strength, Union Pacific (UNP) is pulling rail cars from storage for the first time in 4 years to keep up with demand for lumber from homebuilders. North American carloads of lumber and wood products through July 28 were up 10% Y/Y vs. a 1.4% decline in total carloads.
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House prices are still not recovering, and a rapid increase in supply will not help in that regard.