Lumber prices continue to skyrocket

I was told the prices were starting to come back down

Agree, I am stick building a 10 x 20 shed...it's on hold for now.

Damn, I didn't know this. What's causing the spike?

I need to replace a few sections of my fence right now.

Tell yo mama she could still get this wood for free tho

We’re remodeling our whole home.

We quoted before the initial jump, then had a bunch of delays while prices were high and our contractor told us that busting the budget was very possible, delays fortunately let us start getting lumber in early fall before the prices jumped again and now we’re mostly done with lumber.

The whole thing has sucked and we’re over budget elsewhere, but we dodged a bullet on that part.

I own a pine sawmill

AMA

I wish I understood buying commodity futures. I mean I get calls and puts. Just never really looked into it enough. I wonder how people in commodity futures did compared to people in Tesla or Bitcoin.

I had verbally agreed to but a piece of property from a friend, and contract another friend of mine, who is a custom home builder to do the job. Well, once we got the price on material, my home went from 450k, to 550k. I went another route.

Yep. I work for Home Depot. Our comps in the lumber and plywood departments have exponentially increased YOY. Demand for bulk lumber shipments is through the roof. There are more loads to be shipped than trucks available.

I was planning on building a small (10x16) shed but it made more sense for me to get one prebuilt from tuff shed. I wouldn't have saved that much building it myself. I guess they have some pretty good lumber contracts