Lumber Futures Continue to Fall

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Yes, lumber futures as measured by the front month futures contract have fallen sharply but the latest price data (June) gathered by Engineering News Record for particleboard underlyment continues to rise.

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Particleboard is not the only increase in construction costs. The 20-city average price of PVC pipe and 1 1/2 inch copper water tubing are also on the rise as can be seen from the seasonality charts below.

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According to Lennar (whom reported last evening) thus far builders have been able to pass along building material costs to home buyers.