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Jackson Happenings
New Millwork Showroom Jackson Lumber & Millwork is pleased to announce that we have opened a new Millwork Showroom in our Lawrence facility. Please be sure to stop by and check it out. Click here to see our new Commercial Featuring the New Showroom on Youtube. For your convience we have extended the hours that the showroom is open Monday-Friday 7:00AM - 5:00PM Click here for more information
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Tip of the Month
Choosing the right decking material for you.
There are plenty of options when it comes time to choose the right decking material. Recent advancements have developed many low maintenance products that look great and last a long time. When choosing a material keep in mind its durability, maintenance, and aesthetic appeal. Composite Decking PVC Decking Mahogany Decking Cedar Decking The most common and traditional decking option, Pressure Treated decking is Southern Yellow Pine treated with a chemical that makes it decay and termite resistant. It blends beautifully with any landscape and can be stained in a variety of colors to match any decor. Pressure treated is an economical, strong and durable decking option. This decking will weather over time and maintenance is important. Splinters may occur and as with any natural wood product, boards may warp, shrink or expand. Be sure to install with the grain making an arch, crown side up, so the decking does not cup.
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Industry News, Trends & Gauges
Source: AP Newswire Bargain prices thin supply of homes, clear path for recoveryWASHINGTON --- A wave of foreclosures is forcing down home prices in most major U.S. cities. But economists and real estate agents are noticing what they call a key first step for any housing recovery: a drop in the glut of homes for sale in markets hit hardest by foreclosures. Low prices are leading investors to snap up foreclosed homes in Detroit, Las Vegas, Miami, Phoenix and Tampa. Those cut-rate sales are reducing prices in the short run. Yet they're also thinning the supply of homes -- clearing the way for higher prices in the long run. For some buyers, the deals are now too good to pass up. A studio apartment on the Las Vegas strip that cost $500,000 at the height of the housing boom is now selling for roughly one-third that price. Half the homes listed in the Tampa Bay area are selling for less than $100,000, not far from some of Florida's top Gulf Coast beaches. Such sales have helped shrink the combined supply of unsold homes in those five cities by 13 percent over the past year, according to local listing data analyzed by The Associated Press. Home prices in each of those markets are at or below 2002 levels, according to the latest reading of the Standard & Poor's/Case Shiller 20-city home price index. "If we were to see several consecutive months of supply getting smaller, it would point to an improving housing market," said Celia Chen, the senior director at Moody's Analytics. "Even if it is investors buying them, they are renting them out in hopes that prices in the next several years will rise." Economists caution that a second wave of foreclosures, those that have been delayed by banks and backlogged courts, could throw the housing market back into turmoil. And few see home prices rebounding before the end of this year. Home prices fell from January to February in 19 of the 20 metro markets tracked by the Case-Shiller index. At least 10 major metro areas are at their lowest point since the housing bubble burst. The index, released Tuesday, is slightly above the level reached in April 2009, the lowest point since the downturn began. Getting rid of foreclosures and other risky properties is necessary for the market to turn around. When foreclosures and distressed properties are sold, home prices fall. But as the supply of cheap homes shrinks, prices stabilize. Homeowners who had put off moving because they didn't want to sell during the downturn grow confident they can fetch a decent price. That prompts more buying and selling. Prices rise more.
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