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Lumber and Auto Prices
Posted on 6/13/22 at 5:48 pm
Posted on 6/13/22 at 5:48 pm
Any outlook on these two markets? I know there was a thread about both recently. Terrible time I know but we’re finally able to build on our land and I’m going to need a larger truck than my current one to handle some of the things needed for it. Last I heard was lumber was maybe starting to dip and trucks were still overpriced for the foreseeable future.
4
Posted on 6/13/22 at 6:11 pm to GAFF
Sounds about right. People aren’t as quick to build houses with interest rate increases and lumber was already coming down the last couple months. Price per 1000 board/ft is now under $550 down from the peak of around $1400. Cars are still overpriced but I have no idea when that market will start to stabilize. Higher interest rates should help with purchase price though.
Posted on 6/13/22 at 6:52 pm to GAFF
Pretty sure lumber closed today at $528, good news is in a few months when everything gets adjusted at HD I can start some projects again.
I imagine within the next 6 months the auto industry is going to crater into the ground especially the used market. Everyone stacking up payments on the credit cards are gonna run out of room and have to sell the vehicles.
I imagine within the next 6 months the auto industry is going to crater into the ground especially the used market. Everyone stacking up payments on the credit cards are gonna run out of room and have to sell the vehicles.
Posted on 6/13/22 at 8:07 pm to GAFF
I buy lumber in small amounts a few times a week for work. What I have noticed, is that plywood is still high but the 2x4s and whatnot are coming down. But, the quality has been horrible.
Posted on 6/13/22 at 8:10 pm to GAFF
The car market won't stabilize until the lie of no micro chips available to build cars goes away. Car manufacturers are getting big tax breaks and incentives from *joe biden administration to focus on EVs. Can't force people to buy EVs in the next ten years if there's millions of ICE vehicles running around still. The car market pricing is based on supply and demand.
This post was edited on 6/13/22 at 8:11 pm
Posted on 6/14/22 at 12:27 am to Jsand43
quote:
I buy lumber in small amounts a few times a week for work. What I have noticed, is that plywood is still high but the 2x4s and whatnot are coming down. But, the quality has been horrible.
Bought 3 2x4 studs at Lowe’s today, $3.45 each which is not bad, but as you posted they were crap. Sorted through about a 100 to get 3 that are usable, a few years ago I would never have considered buying the ones I got.
Posted on 8/6/22 at 6:58 am to EA6B
The 5,10,25 yr charts of lumber prices are crazy. Looks like we’re back to near normal?
Posted on 8/6/22 at 7:33 am to Jsand43
quote:
I buy lumber in small amounts a few times a week for work. What I have noticed, is that plywood is still high but the 2x4s and whatnot are coming down. But, the quality has been horrible.
This. I’m rebuilding my camp, and 2x6x8 ft yesterday was 5$, which isn’t bad, but a 1/4 plywood was 40$ and 3/4 was 65. Which is crazy.
Posted on 8/6/22 at 9:20 am to MadtownTiger
quote:
I imagine within the next 6 months the auto industry is going to crater into the ground
That’s quite an imagination you have there.
Posted on 8/6/22 at 9:46 am to notiger1997
I'm looking to trade in the SOs car and get a new one next year but I'm definitely waiting for inventory or demand to affect prices. Hoping by the spring things get sorted.
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