Checked the price of lumber lately? It is out of sight, friends. And the pundits have been saying the building industry is dead. Really? Okay, granted, a couple of “largest hurricanes ever,” making direct hits on major population centers, occupied by millions of inhabitants, their homes, local businesses and elements of vital infrastructure severely damaged or completely destroyed, all within two weeks, does generate a little demand for building materials, and the services to install them. That’s the old supply and demand curve at work.
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The Dollars and Sense of Disaster Relief
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Checked the price of lumber lately? It is out of sight, friends. And the pundits have been saying the building industry is dead. Really? Okay, granted, a couple of “largest hurricanes ever,” making direct hits on major population centers, occupied by millions of inhabitants, their homes, local businesses and elements of vital infrastructure severely damaged or completely destroyed, all within two weeks, does generate a little demand for building materials, and the services to install them. That’s the old supply and demand curve at work.