March 15th, 2007

Wallboard prices fall due to weak housing market

Prices for gypsum wallboard are finally succumbing to the weak housing market according to the upcoming issue of Engineering News Record. ENR’s 20-city average price for 1/2-inch wallboard declined 2.3% this month, dropping the year-to-year price increase to 5%. According to the Bureau of Labor Statistics, wallboard year-to-year price increases declined from 14% last October to just 3% in January.

Reference: ENR

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