Wednesday, October 19, 2005

More Thoughts on Plywood, Steel, and Porn

How's that for a engaging title for a post? Did I say Porn? I meant Concrete.

Sorry for the confusion.

The Bureau of Labor Statistics is out with their PPI numbers again. I'm not sure the Republic can handle it, but here I go plunging into the gooey caramel center goodness that is Plywood, Steel and Concrete.

Like I said, or at least meant to say, before, I feel that a surge in these prices will carry over to an increase in housing costs... which is bad, especially if us curmudgeons are right about this housing bubble bursting: Human sacrifice, dogs and cats living together - mass hysteria.

Or something like that.

Anyway, to satiate your appetite for graphs...

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Cement & Concrete

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Architectural and Structural Metals

Hard to miss the dramatic swing in Plywood Prices (+9.76%) in September, which could be attributed to Hurricane Katrina, Hurricane Rita, Michael Brown, and other disasters. Also, it's hard to miss the continual increase Cement and Concrete (+.69%). May numbers in Plywood and Cement & Concrete were revised upwards from last month, which is interesting. Architectural & Structural Steel went down .34% in September.

BTW, CPI went up 1.22% in September. Plywood's rising faster than Ron Jeremy on Viagra AND inflation.

Heh... wood*

Again, make of this what you will, but I wouldn't want to be in housing construction or development right now. If I was a contractor, I don't think I'd be willing to hold my prices for more than a week.

Me? I'm going to go finish off my nightly bourbon.

*I suppose it was about porn after all.

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