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Lumber prices anyone building new Const

Posted on 8/26/20 at 1:49 pm
Posted by Cracker
in a box
Member since Nov 2009
17674 posts
Posted on 8/26/20 at 1:49 pm
Wow this is crazy prices are going up daily ouch if you have not started framing yet!
Posted by TU Rob
Birmingham
Member since Nov 2008
12732 posts
Posted on 8/26/20 at 1:54 pm to
Yeah a buddy of mine works for a fencing company, and he said dimensional lumber hit an all time high last week.
Posted by HoustonGumbeauxGuy
Member since Jul 2011
29481 posts
Posted on 8/26/20 at 1:59 pm to
All of the lumber is being sent up north and out west to protect buildings from looting.
Posted by awestruck
Member since Jan 2015
10929 posts
Posted on 8/26/20 at 2:22 pm to
.. nope

Been this was since the covid and folks staying home.
Posted by humblepie
Member since May 2008
536 posts
Posted on 8/26/20 at 2:25 pm to
Every article I could find online cited Mill shutdowns and huge DIY demand as driving the prices. Pretty sure it's not because of looting...
Posted by TU Rob
Birmingham
Member since Nov 2008
12732 posts
Posted on 8/26/20 at 2:30 pm to
quote:

Every article I could find online cited Mill shutdowns and huge DIY demand as driving the prices. Pretty sure it's not because of looting...



Yep. My buddy said they get most of their wood supplies from mills in the Midwest, specifically one in Michigan. They were shut down for weeks on end for Covid, and they can't get caught up now.
Posted by awestruck
Member since Jan 2015
10929 posts
Posted on 8/26/20 at 2:32 pm to
Same with all building supplies... and you never know which ones.
Posted by The Nino
Member since Jan 2010
21521 posts
Posted on 8/26/20 at 2:39 pm to
Price is probably going to jump again (at least regionally) with this hurricane rolling through
Posted by AUjim
America
Member since Dec 2012
3662 posts
Posted on 8/26/20 at 10:52 pm to
Yup. We found a lot recently and started getting some quotes.....house only cost was in sane.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73674 posts
Posted on 8/27/20 at 5:29 am to
How much do the lumber tariffs have to do with the price increase? I know there were a few Canadian mills that shutdown when the tariffs first went into effect.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 8/27/20 at 6:51 am to
20, 8' 2x4's and one sheet of 5/8" c/d was $202 last week.

SIL said that lumber has jumped almost 300% in the last 6 months.
Posted by Art Vandelay
LOUISIANA
Member since Sep 2005
10695 posts
Posted on 8/27/20 at 8:11 am to
Tariffs, covid and a strong housing market. Tariffs are affecting treated also since the chemicals come from China.
Posted by way_south
Member since Jul 2017
810 posts
Posted on 8/27/20 at 8:28 am to
My cost to build went up 14k from May until last week. We're waiting on financing and will see what happens. The builder and the supplier both said it appears to be leveling off now, so hopefully it'll stop going up. As always, costs go up quick and fall really slow, so i don't expect much.
Posted by Art Vandelay
LOUISIANA
Member since Sep 2005
10695 posts
Posted on 8/27/20 at 8:44 am to
Nope when they fall it will be just as quick.
Posted by GooseCreekMafia
Member since Jun 2017
645 posts
Posted on 8/27/20 at 10:18 am to
My quote went up $17000 in 2 months for building materials. Guy at the lumber store told me he wouldn’t build a lemonade stand right now if He didn’t have too. We were gonna start next month. Thinking about waiting a few months now.
Posted by TU Rob
Birmingham
Member since Nov 2008
12732 posts
Posted on 8/27/20 at 10:53 am to
quote:

My quote went up $17000 in 2 months for building materials. Guy at the lumber store told me he wouldn’t build a lemonade stand right now if He didn’t have too. We were gonna start next month. Thinking about waiting a few months now.


My deck contractor started my quote about a month ago, and he is sticking to his quotes. I'm sure the lumber prices are eating into his profits some, but I'm sure he will make it up on his next projects. I would hate to be building a house right now. This deck is going to be expensive, but when we started our refi process back in the spring it was always going to be our first project. We will probably wait until later to start doing stuff inside, since a good bit of it will involve framing out a new bedroom, closet, bath, etc.
Posted by Art Vandelay
LOUISIANA
Member since Sep 2005
10695 posts
Posted on 8/27/20 at 11:24 am to
People are still going because interest rates are so low but I think they’ll be fine waiting until winter. Rates aren’t going anywhere for a while. Prices will go down when the northern states start to slow down and mills will catch up on production
Posted by PerceivedReality
South Cakkalakki
Member since Apr 2013
1057 posts
Posted on 8/28/20 at 7:14 am to
we got ours in the dry just in time. its cost us an extra grand for our deck framing but thankfully our builder added 10% on the lumber quote for the estimate. we started framing in April
Posted by Cracker
in a box
Member since Nov 2009
17674 posts
Posted on 8/28/20 at 7:42 am to
quote:

My deck contractor started my quote about a month ago, and he is sticking to his quotes. I'm sure the lumber prices are eating into his profits some, but I'm sure he will make it up on his next projects. I would hate to be building a house right now. This deck is going to be expensive, but when we started our refi process back in the spring it was always going to be our first project. We will probably wait until later to start doing stuff inside, since a good bit of it will involve framing out a new bedroom, closet, bath, etc.
he won’t be in business long.
Posted by jkcooper92
Louisiana
Member since Jun 2014
182 posts
Posted on 9/1/20 at 8:00 pm to
Builder was getting ready to form up for my slab tomorrow. He called me freaking out. He told me that a 2x4x16 that was $6.40 last month is now nearly $16. A 4x8 sheet of plywood is $23 an usually runs about $12. Not sure what we are going to do. Construction loan is only good for 9 months from signing.
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