Readers Respond: Rebuilding at the Beach?
HCN Thursday raised the question: Is it wise to rebuild damaged or destroyed beachfront houses, in the face of unrelenting natural forces that are likely to reshape the coastline in coming years or decades?
HCN readers offered the following responses:
"I live on the upper Texas Coast. In recent years we have been visited by two storms: Rita and Ike. Both storms left a trail of debris for miles and miles. Anyone who owns beach front property must understand that the property and the home that is built on it are temporary. It may be 40 to 50 years permanent, but it is still temporary. Back in the day folks would have what they referred to as a beach camp. We didn’t put a whole lot of money into them, and if they were washed away by a high tide or storm of some kind you and some buddies would go back and shore it up and rebuild. We did all this because we knew it was temporary.
"If someone is going to build a fancy, expensive home on the beach, they have to make sure that they can afford to be able to let it float off into the surf. Folks in other parts of the country have different natural disasters waiting in line to strike, and those people realized this when they bought or built. They make sure they have food, generators, batteries and all that one should have to weather the situation.
"So, if the question is should someone rebuild; they should first ask the question, ‘How much can I afford to loose?’ "
— Hank Landry
United Unlimited Sales
"I have no problem with people having homes on the beach, but they should be responsible for the proper insurance to cover any loses.
"If they feel they can go without insurance, and a storm wipes out their homes, then they should be responsible on their own to rebuild, with no government support.
"People should have the right to build were they want, but if they decide to build in an area that is prone to floods, mud slides, earthquakes, etc, then they should have insurance to cover those kinds of loses and not expect other people to bail them out.
— Steve Johnson
"Rebuild at your own expense and risk."
— Paul Gilpin
Valspar inks major deal with B&Q
Valspar Corp. is set to become the flagship paint for British retailer B&Q, according to an announcement from the Minneapolis-based manufacturer. Valspar will supply a full selection of its premium paint to all 350 B&Q locations in the United Kingdom and Ireland.
Previously, B&Q’s stores offered primarily ready-mix Valspar paints in a smaller assortment of colors and textures. The new retail concept will be rolled out to all locations throughout 2013.
B&Q is an operating company of Kingfisher plc, one of the largest home improvement retailers in the world.
Market Recap: RISI Crow’s Construction Materials Cost Index
A price index of lumber and panels used in actual construction for Nov. 16, 2012
*Western – regional species perimeter foundation; Southern – regional species slab construction.
Crow’s Market Recap — A condensed recap of the market conditions for the major North American softwood lumber and panel products as reported in Crow’s Weekly Market Report.
Lumber: Several SPF lumber producers reported a slower pace early, but by Thursday, demand had improved, sending prices higher. Mill order files extended as far out as the week of December 17 for some items. This prompted buyers to look to secondaries for coverage. Southern Pine lumber sales slowed at mills, but prices continued to climb. Wholesalers carrying quicker shipping volumes than what mills could provide were called upon to cover prompt needs. Dry producers in the Coastal species lumber market sold enough volumes to keep prices, at the very least, firm. Significant, steady volumes sold by mills allowed them to maintain order files extending roughly two weeks. The market for Inland species lumber remained steady. Although some producers reported a slower pace this week than last, the slowness was attributed to a lack of available wood to sell rather than weakness in the market. Radiata Pine industrial lumber remains in short supply, particularly for Shop grades, and traders say they do not anticipate any increases in availability in the near future. Buyers of Ponderosa Pine kept their PO books in the desk drawer most of the time, having covered most of their November needs. Producers have made an effort to shift away from the production of Shop grades as much as possible. The one bright spot has been #3 Shop and P99. The market for Ponderosa Pine boards remained weak, with buyers only making purchases on fill in items that shipped quickly. Producers were open to slight counters in order to move buildups of certain items. Eastern White Pine producers reported continued steady business. They also indicated good re-ordering from their regular customers. Steady sales and firm prices were reported for both ESLP and Idaho White Pine. Much of the tone in the Western Red Cedar market was positive as the calendar moved closer to the new year. Sales for shipments yet this year picked up, as buyers ran low on stock.
Panels: Although the volume traded was lighter, OSB markets continued to show strength, and, in some cases, prices increased. Mill order files as far out as the week of December 10 kept control of the market in the hands of producers. Southern Pine plywood producers extended order files into the week of December 3. That lead time prompted them to move rated sheathing prices $5-10 higher. Most Sales activity in the Western Fir plywood market was described as "lackluster." Buyers picked off some prompt shipping volumes available from mills, but there was no momentum to the market or prices in either direction. The Canadian plywood market seems to have found a trading level where most everyone is content. Producers are touting order files into the week of December 10. Producers and secondary suppliers agreed the sales pace in particleboard and MDF was steady or a touch slower. Prices of both particleboard and MDF held.
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