Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: xcr600 who wrote (12895)	11/29/2003 3:39:28 PM
From: James Strauss	of 13094

Could the price of lumber dampen the home market? Lumber, at least locally, has gone thru the roof. Strand board that was $8 a sheet earlier this year is now $22. Framing lumber up, etc.. etc.. I figured the garage I built over the summer would have cost me 30-40% more had I waited till now. (Of course I'd be freezing my ass off too) xcr: As long as interest rates are relatively low the housing market should remain strong... It would probably take mortgage rates to vault above 10% to have a significant impact on housing sales... As unemployment drops and job stability seems more assured, that steady paycheck will continue to support a strong housing market... Jim

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