
09/03/05, 05:42 AM
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Join Date: May 2002
Location: Deep in the heart of Texas
Posts: 2,007
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Lumber and building supplies fixing to go through the roof
We all know that increased freight costs are going to raise the costs of lumber and other building supplies. But yesterday President Bush signed off on $10.5 billion in aid for hurricane victims, which he termed a "downpayment" on the money to come.
A tremendous amount of lumber is going to me needed in Louisiana, Mississippi and Alabama. Those people not only have endless federal aid to bid for lumber and construction materials, but tens of billions in insurance payments. Besides gas gouging, we will be dealing with lumber gouging.
Many people in the construction trades will go to the Katrina destruction area because there will be a premium paid for their services. The fewer construction workers that remain will have increased demand and higher prices.
And this scenario doesn't anticipate any more major hurricanes striking the US this year.
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life's a holiday
People hear what they want to hear, and believe what they want to believe.
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