Not exact matches
He has developed a «peak
lumber» theory that says
prices should
rise from today's $ 300 per thousand board feet to $ 500 in the next three to five years, thanks to increasing demand, especially from emerging markets.
The tax has already notched down to 5 % from 15 % thanks to the steady
rise in
lumber prices in 2012.
This outlook largely stems from an expected
rise in housing starts, which should lift
lumber prices.
The
price of softwood lumber rose by 2.3 % in December, while prices paid for ready - mix concrete, gypsum products, and OSB all fell, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statis
price of softwood
lumber rose by 2.3 % in December, while
prices paid for ready - mix concrete, gypsum products, and OSB all fell, according to the latest Producer
Price Index (PPI) release by the Bureau of Labor Statis
Price Index (PPI) release by the Bureau of Labor Statistics.
The demand for commodities, as just one example, led to
rising prices for everything from copper to oil and
lumber.
With
lumber prices skyrocketing, skilled labor in short supply and new limits on state and local tax deductions already raising the effective cost of homeownership, a
rise in short - term interest rates will force even more potential buyers to the sidelines.
«
Rising material
prices, particularly
lumber, along with chronic shortages of buildable lots and skilled labor are putting upward pressure on home
prices and impeding a more robust housing recovery.»
Trade disputes, hurricanes and
rising demand from overseas are all pushing up the
price of materials from gypsum wallboard to
lumber and steel.
Prices for
lumber and plywood
rose 6.8 percent over the year that ended in September.