Monday, August 16, 2004

Lack of building supplies threatens housing market

The National Association of Home Builders conducted a survey that indicates "A shortage of cement and other key building materials looms as the biggest threat to the dynamic housing market that has produced record levels of new home construction in the U.S., according to a recent survey conducted by the National Association of Home Builders (NAHB)."

This survey was completed in July indicates shortages in cement, bricks and insulation. Lumber supplies are adequate, but there is concern as to the fluctuating cost. Many blame the government for the shortages, with high duties.

To read the entire article, go here.

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