On December 24th, Tom Dyson wrote a piece in Daily Wealth titled "Here's How You'll Know the Market Has Bottomed".
I think it's important to bring this to your attention because he specifically discussed the price of building materials in his article and how prices are rising. This rebound for prices occurring after they had dropped over 50% since October 2005.
According to Tom Dyson's article and the manufacturers themselves here is how much prices have risen recently:
- Plywood is up 9.9%
- Pine lumber is up 5.8% to 15.7%
- Most metal connectors are up 5% to 20%
- Truss prices fell only 2.9%, but the strength in pine is expected to push prices up in January
- Roll foundation plastic dropped 6.7%
- Rebar -3.4%
- Spruce lumber -15%
- Studs -10%
- Drywall products dropped between 6.7% and 9%
Tom Dyson wondered if these price increases really have much to do with supply and demand.
With that said, let's look at it from the point-of-view of someone like yourself who is thinking of building an above ground pool deck and has to take material costs into consideration.
Now might be a very good time to build your pool deck or start buying some materials that can be stored during the winter... and waiting there for you when the spring or summer season comes around... at least while prices remain relatively low compared to the peak of 2005.
As you can see from the data above, prices are on the rise again. If the market has indeed bottomed and this trend of higher prices continues then it's hard to imagine pool deck building materials being any cheaper than they are now.
As always, enjoy your pool!
Happy New Year,
Paul Ottaviano
How to Build a Deck Around Your Pool
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