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

To: Les H who wrote (87620)	8/30/2007 9:44:51 AM
From: Les H	Read Replies (3) \| Respond to of 306849

Builders Report Rising Sales Losses From Credit Crunch nbnnews.com Falling Construction Prices, Upside and Down So far, according to Reed data, the most dramatic price change has been the decline in gypsum products, used for drywall in both commercial and residential projects, which has plunged 17.3 percent compared to a year ago. Also down are prices for engineered wood products which fell 9.4 percent from last year; softwood lumber dropped 5.3 percent and plastics slipped 2 percent. However, the other key construction materials, such as concrete, continue to hold up. Jim Haughey, chief economist with Reed notes the price of pre-cast concrete grew 4.9 percent compared to last year while the cost of cement rose 4.7 percent and sheet metal climbed 2.3 percent. However, those increases are modest compared to jumps in prior years. In 2005, for example, prices of concrete products jumped 17 percent. knowledgeplex.org