Colorado Lumberyards Hurting During Slumping Economy

By: Associated Press
By: Associated Press

DENVER (AP) -- Colorado lumberyards are shutting down and thousands are losing their jobs across the country as homebuilders have scaled back on construction.

At least a dozen Colorado lumberyards have closed in the last two years as demand for materials has decreased. One supplier, 84 Lumber, had seven locations in Colorado in 2007 but now has only its store in Grand Junction.

The lumberyard industry is struggling as housing starts have declined. The Denver Post reports that housing starts are down 35 percent from last year in the Denver area.

The federal Bureau of Labor Statistics says more than 100,000 building-material workers have lost their jobs in the U.S. since 2006.

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