Price of Plywood at All-Time High as Isabel Nears U.S.

[demdave]

TALLAHASSEE, Fla. (AP) - As residents of the Southeast warily eye Hurricane Isabel churning in the Atlantic, they may be thinking of boarding up parts of their homes. If they do, they'll find the price of plywood has skyrocketed to a near all-time high.
Some lumber companies are paying double what they were for plywood earlier this summer, but the reason is supply and demand, not gouging. People looking for plywood may also have a hard time finding it in some places. The shortage, and subsequent price spike, are the result primarily of the home building boom this summer and by wet weather that's made it hard to harvest logs.

The hike is also being blamed in part on anticipation of large military purchases of wood for construction in Iraq, although industry experts say Defense Department buys are only a tiny factor.

http://ap.tbo.com/ap/breaking/MGASQ8WKIKD.html


P.S. I hope the third paragrapher doesn't put me over the limit. I thought the post needed it. Thanks

[GainesT1958]

1. A contractor putting a new room on my father's house...

Is already seeing the effects of that cost surge. Hopefully we won't be seeing another type of "surge" in about a week's time! :scared:

B-)