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Started By
Message
A 2x4 stud was $1.87 give or take just 2 years ago. $8.25 each currently
Posted on 3/27/22 at 9:32 am
Posted on 3/27/22 at 9:32 am
I bought a few on Friday and they were $7.87. Needed a few more this morning and realized they have gone up nearly .50 cents in a few days
15/32 OSB sheathing was around $8 two years ago. Currently $60
Last week I bought some precut clear pine door jamb sides for $12 per side because I didn't feel like cutting my own. Yesterday I was going to buy another set but they were $19 per side. Just going to cut my own.
I bought some brick moulding yesterday and PVC trim is now cheaper to buy than wood. PVC brick moulding is $1.81 per LF but wood is $2.03 per LF. I have never seen PVC cheaper than wood until now.
The good news is lumber futures have been dropping the past few weeks but no telling how much of the higher-priced stock they have to move before realizing the lower prices for the consumer.
I have the tools to do it so I have been milling my own trim and crown for my house I am remodeling out of rough-cut from a local mill but I know not everyone has shapers, planer/moulders, etc. Not sure how anyone can afford to build or remodel right now.
15/32 OSB sheathing was around $8 two years ago. Currently $60
Last week I bought some precut clear pine door jamb sides for $12 per side because I didn't feel like cutting my own. Yesterday I was going to buy another set but they were $19 per side. Just going to cut my own.
I bought some brick moulding yesterday and PVC trim is now cheaper to buy than wood. PVC brick moulding is $1.81 per LF but wood is $2.03 per LF. I have never seen PVC cheaper than wood until now.
The good news is lumber futures have been dropping the past few weeks but no telling how much of the higher-priced stock they have to move before realizing the lower prices for the consumer.
I have the tools to do it so I have been milling my own trim and crown for my house I am remodeling out of rough-cut from a local mill but I know not everyone has shapers, planer/moulders, etc. Not sure how anyone can afford to build or remodel right now.
55
Posted on 3/27/22 at 9:32 am to stout
Goddamn you Vladimir Putin
Posted on 3/27/22 at 9:34 am to stout
Seeing more and more residential houses going up around Mandeville with metal framing. Stronger for a hurricane and why not when price is about the same?
Posted on 3/27/22 at 9:35 am to stout
Apparently there’s just a frickton of money in people’s pockets because you’d think everything would come to a grinding halt with these prices.
But a house up the street from me just sold in one day after a bidding war for $421k. The house two doors down that was very much comparable sold for $365k 6 months ago. And a house down the road sold for $290k in 2019.
The car salesman told me yesterday that they can barely keep cars on the lot because they sell so fast. Despite the gouging prices.
So people can either afford this shite just fine or the credit card business is swimming in people’s future problems.
But a house up the street from me just sold in one day after a bidding war for $421k. The house two doors down that was very much comparable sold for $365k 6 months ago. And a house down the road sold for $290k in 2019.
The car salesman told me yesterday that they can barely keep cars on the lot because they sell so fast. Despite the gouging prices.
So people can either afford this shite just fine or the credit card business is swimming in people’s future problems.
Posted on 3/27/22 at 9:36 am to DomincDecoco
quote:
Goddamn you Vladimir Putin
Reminds me of this
Babylon Bee Video: Husband Blames Putin For Everything
Posted on 3/27/22 at 9:37 am to stout
Build back better. What a complete failure. Make shite so expensive to where people can only survive with the help of big daddy government. They’ve figured out a way to slowly usher us to socialism and living wages.
Posted on 3/27/22 at 9:37 am to stout
Yeah I am going to take the gamble with interest rates at this point
I’m not building a house in this economy
I’m not building a house in this economy
This post was edited on 3/27/22 at 9:38 am
Posted on 3/27/22 at 9:38 am to StringedInstruments
quote:This bubble is going to pop and it's going to be painful for a lot of people.
the credit card business is swimming in people’s future problems.
Posted on 3/27/22 at 9:39 am to stout
(no message)
This post was edited on 1/30/25 at 5:36 pm
Posted on 3/27/22 at 9:40 am to StringedInstruments
quote:
But a house up the street from me just sold in one day after a bidding war for $421k. The house two doors down that was very much comparable sold for $365k 6 months ago. And a house down the road sold for $290k in 2019.
A few years ago the argument was we won't see a pop as bad as '07 because people have so much equity but I think that is being wiped out by the bidding wars for the new buyers. It will essentially be the same problem on a smaller scale. People will be upside down due to paying over asking and appraisal price for houses. You won't have the subprime factor but people overspent and won't be able to sell when they get in a bind. Rates going up will make the problem worse as it will put downward pressure on prices.
Posted on 3/27/22 at 9:40 am to stout
Guess I’ll wait on building a new deer stand
Posted on 3/27/22 at 9:42 am to SulphursFinest
quote:
Guess I’ll wait on building a new deer stand
The price per sq ft of that deer stand would rival a good older home.
You could maybe AirBNB it to offset the cost
Posted on 3/27/22 at 9:43 am to BigPerm30
quote:
Build back better. What a complete failure. Make shite so expensive to where people can only survive with the help of big daddy government. They’ve figured out a way to slowly usher us to socialism and living wages.
It’s almost as if they’re enemies of our own country huh?
But that would make them domestic enemies, and of course, they swore to defend this country against domestic enemies, but then if the watch dogs are actually foxes, and the foxes are already in the henhouse, who’s watching the henhouse? It’s certainly not the American people. We’re taking long power naps.
Posted on 3/27/22 at 9:45 am to stout
lumber will go down around end of april once mills start getting back to summer output levels. the north had a mild winter and has kept demand high over the winter months.
Posted on 3/27/22 at 9:46 am to stout
Better buy a Powerball ticket.
Posted on 3/27/22 at 9:47 am to stout
And people are still building houses like they're going out of style. It's financial dumbassery imo.
Posted on 3/27/22 at 9:49 am to roguetiger15
We have been hearing the mill capacity excuse for 18 months now. New mills have come online in that time but prices actually went up. A mill 20 miles from me was down for over a year but the new owners bought it, revamped it, and are now shipping dimensional lumber out daily. This is the story all over but nothing has changed.
Did you know, that in the middle of this pricing crisis, Biden chose to add more tariffs to Canadian lumber despite them being our biggest importer? The timing was terrible and could have waited but this administration makes stupid decisions so why would this be different?
Did you know, that in the middle of this pricing crisis, Biden chose to add more tariffs to Canadian lumber despite them being our biggest importer? The timing was terrible and could have waited but this administration makes stupid decisions so why would this be different?
Posted on 3/27/22 at 9:50 am to lnomm34
quote:
I thought surely you were lying.
Thought the same thing on the 2x4s. Figured he had found the most expensive premium boards he could find.
Posted on 3/27/22 at 9:52 am to stout
quote:
Not sure how anyone can afford to build or remodel right now.
Credit and 50 year mortgages baw
Posted on 3/27/22 at 9:54 am to BHM
Nope. Not lying about any of it.
Purple studs are still $7.87 this morning but they were all crooked and covered in mold from HD leaving them outside. 2x4x8 yellow pine is around $8.00 depending on location.
Purple studs are still $7.87 this morning but they were all crooked and covered in mold from HD leaving them outside. 2x4x8 yellow pine is around $8.00 depending on location.
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