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re: Half of Lumber Dealers Now Sit on Excess Inventory in the U.S.
Posted on 8/13/21 at 7:38 am to The Third Leg
Posted on 8/13/21 at 7:38 am to The Third Leg
quote:
I hope they all bought heavy near the apex
Actually, I think them buying heavy is why prices haven't dropped on the retail side as fast as they should. Some things have dropped but there is still a lot of material that is nowhere nearly as low as it should be yet.
Go buy some trim boards or crown molding right now. Hell, go check out the price on a basic 1x6 primed board people use for trim. It's all utterly insane.
1
Posted on 8/13/21 at 7:41 am to stout
quote:
Actually, I think them buying heavy is why prices haven't dropped on the retail side as fast as they should.
It’s the entire reason. Still don’t care; that’s an hour glass short on sand. They can’t sit on it forever and the major players will force the losses by turning over their inventory to make way for the obligations that they already have in production.
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