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.
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,
Contact:
Dan Blenk
Director of Marketing
Wood & Timber Information
RISI
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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