Inflation in Materials looms as housing market climbs out

Here a a great article on what is currently happening with building materials, namely lumber as we climb out of the bottom of the housing market.  What is scary is how much of our raw materials the Chinese are buying from the United States.  They are just going to sell it back to us at a higher rate when we come of of the recession and need it.  Fortunately Belman Homes purchased several rail cars of lumber when prices were lower so we are locked in on lumber prices for the next year or so until we burn up our inventory.  What this means for the consumer is all the more reason to building now while interest rates are good, and prices are still stable and contractors are giving favorable labor prices.  It’s not going to last much longer…

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