Timber! Falling Lumber Prices Spur Home Improvement
The home building slump has created the prefect price conditions for home improvement projects by lowering overall demand for lumber. The result has been a steady decrease in the retail price of lumber that you’ll find at home centers like Lowe’s, Home Depot, 84 Lumber and Menards.
Lumber futures prices have been on a decline since mid 2004 when new home construction slowed with rising interest rates. In some areas, materials produced for new housing is stacking up in lumber yards , dropping prices to the lowest point in five years and forcing many mills to cut production.
If you are planning a home improvament project, now is the time to take advatage of this opportunity.
