That makes the company's earnings reports closely watched, given its heavy exposure to the U.S. housing market.James Hardie's results add to the red flags for traders materializing in the construction and property space, with lumber prices sliding in recent months.

--------Today’s Interest Rate: 6.59%(☝️.02% from this time last week, 30-yr mortgage)-----------The Weekly 3 in News: Lumber prices dropped in August, with futures down 8%.

I paid $259k, and could realistically unload it for $225k today. 

Then 3 days later the HVAC crew was there  ( unaware of what happened  before )  they unloaded all the equipment in the garage and low and behold , they also got robbed by gunpoint . 

Henry on the Teak wood and lumber aspect.. what is the growing cycle for the hardwoods to become merch ? 

My wife was a substitute teacher and I am a lumber wholesaler.

With the cost of materials like lumber and drywall leveling out, some investors are taking the opportunity to expand their rehab plans.

Go to your local lumber  ( not Home Depot )  Talk to the salesmen and ask them for some names of good contractors . 

I can see the cost of materials and supplies go up, from lumber to faucets to joist hangers, which in turn will drive new construction prices.

No, a 3br San Diego home is not "worth" $800k based on the lumber, tile and what not but the dirt, the location, the CA lifestyle, yup, the market can "vote" that worth $1m+, and long has.