The slowdown in house sales may have hurt sellers, but there’s finally some good news for homeowners. In a marked contrast to the boom days, the housing slump has lowered prices on “everything from lumber and drywall to labor and design fees” and made people in the building trade more available than ever, according to The Wall Street Journal Online. For instance, drywall is down 35 percent and framing lumber, which totals about 16 percent of building a house, is down 24 percent. “Now, some homeowners are moving forward on renovation or building projects they’ve put off for years,” says the WSJ, and “others are exacting substantial price cuts from contractors desperate for work.” So, if one of your New Year’s resolutions is to complete that home renovation project you’ve been putting off, now may be just the right time.
Credit: The Wall Street Journal Online