Lumber prices drop, but home prices remain high
In some cases, lumber prices increased 300-400% over the past several months - the news is prices are going down. Author: Hanna Conway Updated: 7:07 PM CDT July 14, 2021
MINNEAPOLIS Lumber prices are starting to drop after increasing by 300% in some cases.
Tom Siwek who is the owner of Siwek Lumber and Millwork in Northeast Minneapolis says prices have been dropping within the last month. A 12x4 stud peaked at $12, it s typically around $3 and now they re about $5 or $6, Siwek said.
Siwek says the surge in prices was primarily with construction lumber. What it hasn t really touched the same way is cedar, fencing, hardwood lumber, moldings, doors, those are all a little bit higher than normal, you know, 10 to 50 percent, Siwek said.
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watching facebook. nicole: we talked about the ipo on may 18th, 38 bucks. here it is right now in the 17 handle. we were watching it hold the $18 mark, only to see it break down below that to 17.58. i mean look at that intraday chart. so shareholders become disappointed once again and so you do have some of the analysts out trying to talk positively. jpmorgan for example cut their price target to $30 from $45, but remain upbeat, talking about ad revenue that will reaccelerate into the back half of 2012 to 2013. facebook shareholders had hoped to see it at $38 and see it go higher. we will see whether or not jpmorgan is on call here with this one. but for today, a new all time low for facebook. back to you. dagen: thank you for that. connell: we re going to talk about facebook here before we get to the politics here. mike santoli, associate editor for barron s starts us off. is it fair to say whose fault is this since the ipo? there s plenty of fault to go around. one thing
washington you can see lots of 30s off to the north and west, 36 dulles and 39 hagerstown and win chester. should be a bright and sunny day a few clouds passing through but generally we should be dry for our tuesday winds have shifted out of the south and west and that will allow this warm, unseasonably warm air to arrive later today as we have been talking about our high temperatures later expected to be, 20 to 25 degrees above normal get a chance get out and enjoy the afternoon. here is your forecast today, lots of sunshine warm temperatures high temperatures in the mid-60s. maybe 65, 66 degrees, by 3:00 p.m. then we will start to fall back late this afternoon. more details on the forecast coming up in a couple minutes we are expecting plenty of warm temperatures and then we are going to have a cool down with high temperatures only in the upper 40s to 50, by the weekend details on that coming up. traffic, good morning julie. good morning tucker travelling southbound, 270,
wisconsin and illinois including one that caused a school bus to roll over. and out west, heavy snow is already creating big problems for thanksgiving travelers and more is on the way today, for thanksgiving travelers and more is on the way today, tuesday, november 23, 2010. captions paid for by nbc-universal television and welcome to today on this tuesday morning. i m meredith viera. and i m matt lauer. and take a look live at westminster abbey. we understand the queen is there this morning and we now know that prince william and kate middleton, now known as katharine middleton. if you had planned for april 29, cancel them. that s 157 days from now. we ll start to put a little counter up on the bottom of the screen there from now on. the announcement was made at st. james palace shortly before we went on the air this morning and now there are just a new additional details to be sorted out like the guest list, the reception and, yes, kate s wedding dress. which design
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