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Nation's home-sale woes leave sawmills in the dust
By Nancy Cole
This article was published November 13, 2007 at 6:00 a.m.
What is hindering you from buying or building a new home?
- Price 22% 2 votes
- Interest rates 0% 0 votes
- Job market 11% 1 vote
- Market instability 33% 3 votes
- Other 33% 3 votes
9 total votes.
PLUMERVILLE — As sales of new and previously owned homes continue to plunge and turmoil persists in the subprime mortgage market, perhaps no single industry has been more directly affected than sawmills.
Pine and hardwood sawmills across Arkansas are struggling to survive in a market which in many cases lumber prices have fallen below the cost of production.
"The market crashed in Mayor June of 2006, and it became obvious that things were not going to turn around quickly," said David Cawein, vice president and general manager of Green Bay Packaging Inc.'s Pinecrest Lumber Division.
For more information see today's Arkansas Democrat-Gazette.
Subscribers can read the story here on ArkansasOnline.
