Dear Tim,
I read your column each week in the Chicago Tribune. We have just finished designing our dream house, and are getting ready to build. Our builder says lumber has gone up 50% this year. We are starting to see the house disappear
because of cost. He further says we import lumber from Canada. What are your thoughts on this?
Barry Seth
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Barry,
Unless you own your own forest and sawmill, you are going to pay whatever it costs to get the necessary rough and finish to build your home. It is not quite unlike what is happening at the gasoline pumps all around the nation.
This is an excellent example of Economics 101 in action - Supply vs. Demand.
Tim
W3ATB