Crow's Construction Materials Cost Index (cmci) Reports 35% Drop In Building Materials Costs

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1st July 2010, 08:34am - Views: 543





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MEDIA RELEASE PR40264


Crow's Construction Materials Cost Index (CMCI) Reports 35% Drop in Building

Materials Costs


BOSTON, July 1 /PRNewswire-AsiaNet/ --


    Crow's Weekly Market Report (Crow's) today reported that the total cost

of lumber and panels for construction of a 2,116 sq ft home has decreased by

35% since April of this year. Based on the Crow's Construction Materials Cost

Index (CMCI), the wholesale cost of lumber and panels for framing an average

home has dropped from $7,511.80 on April 30, 2010 to $4,951.44 today.

This dramatic drop is the result of a steep, supply-driven run-up in prices

during the first quarter of the year.


    (Logo: http://www.newscom.com/cgi-bin/prnh/20080521/NEW122LOGO )



    Ken Tennefoss, Executive Editor of Crow's Weekly Market Report,

commented, "Once buyers filled up inventory needs and production volumes

became more in line with demand, prices began a continuous decline to the

point we are at today." He continued, "The market dynamic can change in a

very short period of time. That's why it is imperative that lumber and panel

users and producers have the most accurate and up-to-date market intelligence

available."


    Crow's CMCI is published each Friday in Crow's Weekly Market Report.


    About Crow's Weekly Market Report

    Crow's Weekly Market Report, part of the Crow's Market & Price Service,

is the longest-running source of prices in the North American softwood lumber

and panel industry. Crow's provides objective wholesale pricing and detailed

market reports designed to give a quick but accurate understanding of each

week's market.


    Crow's Weekly Market Report is published weekly. Yearly subscriptions are

available now for $595. To order or for more information, please visit



    About RISI

    RISI is the leading information provider for the global forest products

industry. The company works with clients in the wood products, timber, wood

biomass, pulp and paper, tissue and nonwovens industries to help them make

better decisions.


    Headquartered in Boston (Bedford), Massachusetts, RISI operates offices

in Brussels, Belgium; Atlanta, Georgia; San Francisco, California; Portland,

Oregon; Sao Paulo, Brazil; Shanghai, China; Singapore; and Charlottesville,

Virginia. More information can be found at http://www.risi.com.


    Contact:


    Dan Blenk

    Director of Marketing

    Wood & Timber Information

    RISI

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    4 Alfred Circle, Bedford MA 01730 U.S.A.

    Tel: +1-781-734-8942

    Email: dblenk@risi.com


SOURCE: RISI


    CONTACT: Dan Blenk, 

             Director of Marketing, Wood & Timber Information,

             RISI, 

             +1-781-734-8942,

             dblenk@risi.com


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