I have unfinished basement with insulation hanging from top. I am thinking about covering it with something to make a ceiling for the basement. What is the cheapest, thinnest, and lightweight material that I can use for this project? any help will be greatly appreciated. Basement is about 30 ft by 80 ft (approx.)
You can buy both balsa wood and bass wood at most craft stores in the arts and crafts department. They are availible in strips that are 2-4 wide and 2-4 feet long in differnet thicknesses. You will also find a wide variety of findings and fittings you might like to use as well as any glues and finishes. Michael's, JoAnn's, Hobby Lobby....
You can buy 1/4 plywood that is referred to as luaun board. A good lumber yard should have this at a low price. There are different grades of plywood so the price will vary. Installed cleanly and painted, this option would look like a finished ceiling. The only less expensive way would probably be colored plastic sheeting or fabric sheeting.