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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (59720)	8/11/2006 1:06:26 PM
From: Tradelite	Respond to of 306849

<<There will be a glut of products on the market in 12 months.>> Maybe. Then again, when producers can't make a decent profit, they cut back production and cause a shortage. I think the housing market over the past decade has proven what can happen to prices when a shortage occurs and demand either stays the same or increases.

To: Think4Yourself who wrote (59720)	8/11/2006 3:22:37 PM
From: Elroy Jetson	Read Replies (3) \| Respond to of 306849

Major home builders don't purchase their supplies at Home Depot and your local retail lumber yard. Their price for lumber is 37% lower than two years ago. You pay high retail like Don Earl, and Tradelite do and your prices are 50% higher than 2 years ago. Your local retail store is charging 50% more for lumber than they did two years ago because they think you'll pay it. And you did. The National Association of Home Builders "Random Lengths Composite Index" shows the price of lumber is 19% lower than 12 months ago and 37% lower than 24 months ago. nahb.org Similar to what you see in the lumber futures market. futuresource.com .