Thinking of building that retirement home? Well, at least your lumber should be affordable, not to mention land and labor. Here is a report on current lumber prices March 19, 2008. Aren't you glad you waited?...
Typical framing lumber went for $238 per 1,000 board feet as of Friday, the Random Lengths newsletter reports. That’s a far cry from August 2004, as the national building boom was nearing its zenith. Then, the same lumber was going for $474 for the same amount.
Here’s what an exec from wood giant Weyerhuaser told investors last month, according to a transcript provided by SeekingAlpha …
Typical framing lumber went for $238 per 1,000 board feet as of Friday, the Random Lengths newsletter reports. That’s a far cry from August 2004, as the national building boom was nearing its zenith. Then, the same lumber was going for $474 for the same amount.
Here’s what an exec from wood giant Weyerhuaser told investors last month, according to a transcript provided by SeekingAlpha …
At this time last year, we predicted that our Wood Products business would experience significant losses due to weak market conditions, but we didn’t foresee the historic downturn that haunted 2007. Even the most pessimistic projections didn’t anticipate that prices for oriented strand board would drop more than 40% from levels in early 2006 or that when adjusted for inflation lumber would dip to depression era levels. So that’s exactly what happened and the effect upon our earnings has been dramatic.
boont
boont