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Message

Lumber prices down 11% YoY, back to pre-pandemic levels
Posted on 10/3/23 at 7:11 pm
Posted on 10/3/23 at 7:11 pm
You love to see it! Lumber at pre-pandemic prices from 5 years ago.
https://www.calculatedriskblog.com/2023/10/update-lumber-prices-down-11-yoy.html
https://tradingeconomics.com/commodity/lumber
https://www.calculatedriskblog.com/2023/10/update-lumber-prices-down-11-yoy.html
https://tradingeconomics.com/commodity/lumber
Posted on 10/3/23 at 7:19 pm to Big_Sur
Probably low demand to build with interest rates as high as they are. People aren't buying homes.
Posted on 10/3/23 at 7:19 pm to Big_Sur
How much is a 3/4 inch sheet of plywood?
Posted on 10/3/23 at 7:20 pm to LoneStar23
quote:
Now do everything else
Thread's about lumber. Start a thread about everything else.
Posted on 10/3/23 at 7:20 pm to Big_Sur
Given that interest rates have almost tripled from pre-pandemic levels and housing prices have not started coming down, why should I give a shite about the price of lumber?
Posted on 10/3/23 at 7:22 pm to Big_Sur
Osb jumped up a little recently from $11 range to $17-$18
Posted on 10/3/23 at 7:22 pm to Big_Sur
This cherry picking shite to suck off the Biden Admin is stupid. Show me any super common items people buy everyday that’s not sky high.
Posted on 10/3/23 at 7:23 pm to TulaneLSU
quote:
Friend,
Did you know the US has produced more crude oil in the last six months than in any other six month period in American history? LINK Is that good or bad?
Yours,
TulaneLSU
If Trump was president, the media would excoriate him. Since there's a democrat vegetable in office, you won't hear a peep. Hopefully that clarifies things for you.
Posted on 10/3/23 at 7:27 pm to Big_Sur
Almost no new housing starts in my area. The exception is the old cash buyers with their new vacation homes.
Posted on 10/3/23 at 7:29 pm to Big_Sur
That shite sure as hell hasn't hit the stores.
Posted on 10/3/23 at 7:48 pm to BoogaBear
quote:
That shite sure as hell hasn't hit the stores.
More profit for the owners
Posted on 10/3/23 at 7:51 pm to GetCocky11
quote:
More profit for the owners
Good. They deserve it.
Posted on 10/3/23 at 7:53 pm to TulaneLSU
quote:
Is that good or bad?
in what fricking world do we live in where out producing every other country in any commodity would possibly be considered negative. i’m really beginning to worry about some of you.
Posted on 10/3/23 at 7:54 pm to Big_Sur
Lumber may be down but the cost to build a house is still 75-100% above pre Covid levels. 

Posted on 10/3/23 at 7:57 pm to TulaneLSU
quote:
Is that good or bad?
Depends. Are gas prices lower at the pump?
Posted on 10/3/23 at 7:57 pm to hojo
quote:
Given that interest rates have almost tripled from pre-pandemic levels and housing prices have not started coming down, why should I give a shite about the price of lumber?
You actually hit directly on the reason for the decrease in the price of lumber.
Posted on 10/3/23 at 7:59 pm to LoneStar23
quote:That day is coming. The very, very, unfortunate thing is....a near depression is what is going to get it there.
Now do everything else
If you think things are bad now, just wait. You'll remember today as "the good 'ol days". Way too much money borrowed by both, the consumer and the fricking government! We just avoided another government shutdown, where our government is hard pressed to spend an extra $2 TRILLION EVER YEAR, AND WE ARE HELL BENT on an open border and sending HUNDREDS of BILLIONS to a country with ZERO strategic or economic impact on our country.
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