Thursday, December 21, 2006

Falling lumber prices

I'm back from a two week absence and hope to be catching up with current events.

Here is something interesting for anyone who built a house last year as I did. Lumber has dropped to about half it's value from a year ago.
Prices were about $460 L.B.F. last September to $230 Linear board feet this September.

This means that most of the materials that went into my house last year would cost me half as much now. Oh-me Oh-my!

As we haven't yet seen the real effect of a implode speculator R/E market, I expect that building materials across the board will soon follow suit, heading downward.
Vern

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