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:: Monday, September 15, 2003 ::
Sudden jump in lumber prices; homeowners will be hit soon Macomb, MI
The price of roofs is going through the roof. Ditto the price of siding and framing materials.
Wholesale costs of lumber have soared in the past few weeks, driven by the continuing boom in new home construction, the harsh winter that shortened this year's building season and the military's need for wood for U.S. troops' camps in Iraq. Given that wood accounts for a third of the cost of materials for new homes, the stratospheric increases soon will start to hit homeowners.------------------------------------------- posted 7:12 AM :: reference link ::
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