The price of lumber,,,,,,

 
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theo
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Post by theo » Wed. Apr. 21, 2021 8:00 am

It's CRAZY ! There is no need for it to be so highly priced except greed, they know people got their stimulas checks and are spending them. :no1:


 
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Post by tsb » Wed. Apr. 21, 2021 8:03 am

The shortage is more annoying than the price. " When will you get more ?" " Don't know " " Can I order it ? " " No "

 
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theo
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Post by theo » Wed. Apr. 21, 2021 8:15 am

I dont know about that, i walked through the lumber asile's at home depo and they seem fully stocked to me. I'd say the price is to crazy for ordinary people to pay, i know what they can do with it!!! :D

 
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northernmainecoal
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Post by northernmainecoal » Wed. Apr. 21, 2021 8:37 am

I ordered a sawmill and have been slowly stockpiling spruce logs while I wait for it to arrive

 
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Post by warminmn » Wed. Apr. 21, 2021 8:43 am

Good plan Northern.

Many sawmills were shut down or had their hours cut during some of covid which lessened supply. Many people locked down at home were bored and did home projects creating more demand. New homes already were planned creating demand. Imports from canada were/are slowed and or stopped because of covid hurting supply. It was a classic supply/demand situation and then greed also got involved.

The prices are still rising here as Ive been writing them down once a month. Im really bummed as I had quite a bit of building I wanted to do but not at almost $8 a 2x4 and $50/sheet for plywood after tax. I wont even mention long 4x4's.

From what Ive read it may drop some in the fall which will just cause a rush of buying making the prices go up again so we may be a year away from a "new normal" price which I bet will still be high.

Ive been picking up small amounts of good used lumber at sales but even then it isnt cheap. Maybe if new home building drops it will lower the prices some. Much of the dimensional lumber here came from Canada before and now it seems to be USA sourced, the stuff Ive been watching at a Menards store here.

 
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Post by Rob R. » Wed. Apr. 21, 2021 9:02 am

I just sold all of my lumber scraps/leftovers from our addition. I got my asking price within an hour!

 
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Post by franpipeman » Wed. Apr. 21, 2021 9:05 am

you think lumbers bad my bib overalls has a big gaping hole in the butt area and i reordered from union bib overalls 2`4 month back ordered from manufacturer


 
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Post by lsayre » Wed. Apr. 21, 2021 9:14 am

Ultimately it's the price of direct injection stimulus checks and myriads of other forms of massive monetary stimulus.

N/E Ohio is listed as one of the lowest priced areas in the USA in which to purchase a home. I've been watching a new development area that's going in about 3-4 miles from our place. Originally a sign went up at the roadside intersection of the new developments street saying "low $300's and up". I thought that was insanity, but a couple days ago that sign was yanked down and replaced with a sign that reads "low $400's and up". The houses are already being built, and nothing has changed except the sign. Magical poof, they all cost ~$100K more than originally planned.

But repeat after me: "There's no inflation!". That's code for: more stimulus will be on the way.

 
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Post by Benny » Wed. Apr. 21, 2021 10:25 am

Just built a simple 12x18 pole structure around a gas well compressor about 2 grand in materials.
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Post by Richard S. » Wed. Apr. 21, 2021 11:26 am

Price and demand. People with a lots of idle time has driven demand up and Covid has restricted the supply. I would expect within a year or two there will be far less demand creating a glut, you will see very low prices.

I had some very big projects planned but I'll put them off until the prices come down.

 
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theo
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Post by theo » Wed. Apr. 21, 2021 11:27 am

We will have to see how much firewood goes up this fall, espescially with oil going up! :lol:

 
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Post by Lightning » Wed. Apr. 21, 2021 12:01 pm

I got lucky and built my pavilion just before lumber prices increased. I share the same sentiment as Richard, have more plans to build stuff, but not until the price of lumber falls.

 
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Post by lsayre » Wed. Apr. 21, 2021 12:05 pm

By my reckoning the US stock markets have gone up by ~8% annually (on average) from the market high's of 2006 through the present (ignoring the well more stellar rise since the 2007/2008 crash). This in the face of less than 2% inflation over that entire span of years. Is this merely to be chalked up as an honest price and demand (honest price discovery) phenomenon? Wouldn't it be more logical to presume a less than 2% annualized gain?

For comparison, the average retiree's Social Security income gain across this same span of 15 years has been only ~24.6% due to the less than 2% annualized inflation.
Last edited by lsayre on Wed. Apr. 21, 2021 3:59 pm, edited 2 times in total.

 
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Post by freetown fred » Wed. Apr. 21, 2021 2:05 pm

With out gettin into a bunch of cyber-babble--anyone familiar with---supply & demand?????????????????? Hmmmm, Richard kinda said that didn't he-------- :)

 
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Post by Rob R. » Wed. Apr. 21, 2021 2:08 pm

I am really glad we decided to move forward with our addition last year and not wait!


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