Anyone follow lumber prices?

Homebuilding has kept the price inflated for the last 10-12 months. There won't be a substantial drop until after summer, maybe.

I built a bench in my backyard and it hurt my fricking feelings.

Nice

Currently replacing 350’ now. It’s brutal: 1x6x8 #1 Western Red Cedar are $7.75 a board. After doing some research, prices aren’t going to drop substantially for a while.

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There won't be a substantial drop until after summer, maybe.

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Even then, I don't imagine it drops much more. In the process of starting to build a house. My lumber cost went up 8000. I said F it, I'm not waiting around for another year hoping that may drop in half.

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Even then, I don't imagine it drops much more. In the process of starting to build a house. My lumber cost went up 8000. I said F it, I'm not waiting around for another year hoping that may drop in half.

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i dodged some bullets with our remodel this last year. we got our original quote back in early spring before the jump, then there was a huge jump in prices, we had some trouble with financing (F each and every person coming from CA to TX flooding our market) then when we got to the build in early fall prices had settled by the time we were getting materials in, and they jumped in December right after we finished with most lumber needs.

i was asking my GC about it this weekend and he's said he's having to go back to people and tell them the cost on new builds has gone up $10-20k just in lumber in some situations.

Building now. Just bought 1x6x12 tg white pine $10 board. 14 ft $11.50....Prices suck but I've found waiting 3 months for windows one of the most insane things i've ever seen.

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Anyone follow lumber prices?

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I tried but got altitude sickness. :rimshot:

It really is bananas right now. If they give us another stimulus check, I assume it will get worse.

Lumber prices have made me a believer in the Great Reset. They're trying to make us lose our minds.

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Lumber prices have made me a believer in the Great Reset. They're trying to make us lose our minds

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Nah. It's simple supply side economics. For decades, Canada operated their forests as a jobs program. They harvested at a way higher rate than they grow back. Of course the forests are 90% owned by the government so it's no surprise that they were grossly mismanaged. The government even built the CN Railroad all throughout the remote timber belt of interior Canada. And subsidized flat car rates into the US. So free timber and nearly free transportation. And low interest government loans to build sawmills.

For decades the Canadians could deliver a 2x6 to Memphis TN cheaper than a pine sawmill in Mississippi could. So, not enough pine sawmills were built in the Southeast.

Now, I am not so sad to report, that Canada is basically out of Timber. And they're closing several sawmills every year. Plus a more environmentally friendly liberal government is finally cutting back on their unsustainable harvest practices. So their lumber production is now in a significant decline.

The Southeast USA has been growing three times as much pine timber as we have been harvesting. We don't have nearly enough sawmills. So the business is suddenly very profitable here

There's a rush to catch up. We are building about 4 or 5 new modern pine sawmills per year in the SE over the past 5 years. But it will take another 10 years to bring things back into balance. Until then, lumber prices will be subject to seasonal shortages and lots of volatility.

Yeah, I’m talking scotch mill.

I probably shouldn’t lump it in with lumber. Several of the builders I talk to tell me that Scotch supplies their plywood and they expect a big jump in price on that as well as what we’re seeing in lumber and it’s just another increase in cost for supplies which they could ill afford. New builds are continuing though for these guys so nothing seems bothered... it’s not like they’re hurting for work.