As of July, 2007 the following increases have been happening across the Lumber market
2x4 - 2x8 up approx 4%
2x10 up 8%
2x12 market up, but Chace price stayed the same
CDX up 8%
OSB up 18%
Advantech up 3%
Chace Product of the Month - August
The Chace Product of the month for August is BluWood.
Learn more about how to mold and termite-proof your construction jobs at http://www.bluwood.com/
New Home Sales Fall Another 6.6% in June
New home sales took their fifth fall in six months during June, while a measure of inventory rose and the median price dropped, the government said Thursday. For rest of story check http://www.gypsumtoday.com/news/viewnews.pl/id=1059
Unemployment Steady at 4.5% - Construction up 12M Jobs
U.S. employment posted a solid rise last month on strong hiring in health care and government and previous months' gains were revised sharply higher, suggesting labor market conditions remain very supportive of economic activity at midyear. For rest of story check http://www.gypsumtoday.com/news/viewnews.pl/id=1047
Inventory of Homes for Sale Increases to 8.9 Months
Existing-home sales fell during May to their lowest level in nearly four years, while inventories climbed and prices fell a 10th straight time. Home resales fell to a 5.99 million annual rate, a 0.3% decrease from April's revised 6.01 million annual pace, the National Association of Realtors said Monday. April's rate was originally estimated at 5.99 million. The median home price was $223,700 in May, down 2.1% from $228,500 in May 2006. The median price in April this year was $219,800. The 2.1% drop marked the 10th consecutive year-over-year price decline. For the rest of the story check http://www.gypsumtoday.com/news/viewnews.pl/id=1037
