Home prices inthe Case-Schiller S&P Home Price Index increased in July by the most in nearly 4 years. Prices climbed in 18 of the 2o major cities in the index.
CME lumber ends little higher nearby in quiet trade
Chicago Mercantile Exchange lumber futures closed mostly a little higher on Monday amid thin short covering.
Cash lumber & [...]
Monthly Archives: September 2009
Home Prices Clearly Headed in Right Direction, Lumber Prices Drift Sideways
September 29, 2009 – 1:56 pm
114 Homes in Atlanta Destroyed by Flood, Lumber and Building Materials Will Be Needed
September 27, 2009 – 8:01 pm
Thousands of homes and businesses in Georgia suffered some level of damage in the flooding and severe weather last week. The floods from heavy rains destroyed 114 homes in the city of Atlanta alone, with many more damaged or destroyed in outlying areas. More rain over the weekend will delay repairs. Athens was under [...]
New Home Sales near 1 Year High, Lumber Futures Fall, Atlanta Flood Update
September 26, 2009 – 2:30 pm
New home sales climbed 0.7% to 429,000, according to the data released by the Commerce Department Friday. The available supply of new homes for sale dropped to 262,000, the lowest number in over 26 years. This represents a supply of 7.3 months at the current sales rate.
Lumber traders seem to have expected higher numbers:
CME [...]
Existing Home Sales Ease, Still Ahead of 2008 -Atlanta and Athens Start Drying Out
September 25, 2009 – 8:13 am
August existing home sales eased 2.7% from July 2009, and was still at the second highest level in the last 23 months. The better news is that purchases of existing homes were up 3.4 percent compared with a year earlier. The number of unsold homes on the market plunged 11 percent to 3.6 million in [...]
Rain in Atlanta and Athens Georgia Stops, Lumber and Building Materials Drift Lower
September 24, 2009 – 6:07 am
The flooding rains in Atlanta seem to have stopped, and flood damage is being examined. Residential roofing replacement was already in full swing from earlier hail damage, and now Atlanta homeowners are being urged to inspect their attics for potential roof leaks. Cofer/Adams stocks Atlas Roofing and all accessories for roof repair.
The same [...]
FHFA Home Price Index Increases, the Housing Bottom appears to be in place
September 23, 2009 – 6:12 am
The July FHFA house price index increased .3 percent from June, providing further evidence that the housing bottom may be in place. This makes the third consecutive month over month increase.
This is more evidence, along with the positive news we have seen from New Home Starts and Permits, the NAHB Builder Confidence Index, the S&P/Case-Shiller Home Price [...]
TimberTech® – The Best “Green” Home Improvement Decking Product!
September 22, 2009 – 3:30 am
LESS WORK. MORE LIFE.
It’s the perfect combination – Quality and Sustainability. Beauty and Low Maintenance. Less work. More life.
TimberTech® cares about the environment, they take pride in their products and they want to make sure that you have the best in deck and fencing material. TimberTech® is a leading manufacturer and leader in the research, development [...]
Lumber Demand in China Increases, OSB Prices Begin to Fall
September 21, 2009 – 3:30 am
China’s demand for lumber could result in less availability for U.S. homebuilding. China has surpassed Japan as the second largest user of North American lumber, after the U.S. Low-grade lumber that would be used for building houses in Atlanta is used largely in concrete forming when shipped to China, and also in furniture construction.
Lumber sales [...]
Doors Close at Jeld-Wen’s Oshkosh Door Plant
September 20, 2009 – 4:39 pm
End of an era: Jeld-Wen shuts down Oshkosh door plantAfter manufacturing doors for 154 years, Jeld-Wen’s Oshkosh door manufacturing facility closes. This plant was one of the largest manufacturers of ornate wooden doors in the nation. Increased competition from fiberglass and metal doors, along with the economic decline, left no choice but to discontinue operations [...]
