This 1991 advertisement is from one of eleven M L Claster lumber yards in central Pennsylvania when I was the General Manager for their biggest store.
Inflation from 1991, the date of this sale, to today is 95%, which means $100 back then would buy $195 worth of lumber today…NOT!
New home prices were $120,000 in 1991. That should be $234,000 today. Here’s an interesting fact. In 1991, 51% of the people could afford the median-priced house in their area.
Today, only 54% of Americans can afford a home priced 20% below the median home price in their area.
Gary Fleisher is the Managing Director and contributor for Modcoach News and Modular Home Coach.
Email at [email protected]
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