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Started By
Message
Can someone explain lumber prices to me?
Posted on 5/16/23 at 9:15 pm
Posted on 5/16/23 at 9:15 pm
Lumber prices are at previous lows before Covid yet they are at least 30% - 50% more than before. I find myself asking myself this question about a lot of things recently but why?
15
Posted on 5/16/23 at 9:45 pm to Civildawg
I’m still getting one of two responses when I ask the lumberyard why everything is so expensive.
It’s either
a) Covid
b) supply chain issues
I guess sometimes they say both an and b.
It’s either
a) Covid
b) supply chain issues
I guess sometimes they say both an and b.
Posted on 5/16/23 at 9:50 pm to Civildawg
That's raw material. Milling, planing (making S4S which is the finished lumber), and shipping costs play a big role in what you pay. It takes several months for all of that to level off when you buy it.
Posted on 5/16/23 at 9:51 pm to Civildawg
The short answer is because people still buy it
Posted on 5/17/23 at 8:26 am to Korkstand
Transport companies rape vendors to get goods to them
Posted on 5/17/23 at 8:47 am to Civildawg
Bunch of reasons already posted but I’d say one of the bigger is supply and demand.
There is still demand for it but lumber companies can’t find workers, the same as most every other company out there, so they can’t produce as much.
There is still demand for it but lumber companies can’t find workers, the same as most every other company out there, so they can’t produce as much.
Posted on 5/17/23 at 8:49 am to Civildawg
Well, I would doubt higher log prices have anything to do with it.
Posted on 5/17/23 at 8:53 am to Civildawg
Higher cost of diesel fuel and higher labor costs.
Posted on 5/17/23 at 9:25 am to 9rocket
quote:
a) Covid
b) supply chain issues
It was this along with crazy demand. By the time that could change, inflation hit.
Posted on 5/17/23 at 9:27 am to 9rocket
quote:
b) supply chain issues
It's really a thing. With the thousands of new home builds and weekend warriors during covid, they zapped the supply. Hence, they were forced to start cutting saplings which is why the wood is all jacked up.
Well, trees don't just magically appear, you have to grow them and if the existing inventory was already low, here we are.
Posted on 5/17/23 at 10:42 am to Civildawg
Where you located?
Posted on 5/17/23 at 11:44 am to idlewatcher
quote:
it's really a thing. With the thousands of new home builds and weekend warriors during covid, they zapped the supply. Hence, they were forced to start cutting saplings which is why the wood is all jacked up. Well, trees don't just magically appear, you have to grow them and if the existing inventory was already low, here we are.
The Southeast has more mature pine trees than can be harvested and processed into lumber. The supply of mature pine trees is greater than the demand.
Posted on 5/17/23 at 1:05 pm to Civildawg
The amount of trees has zero to do with it. Trump hit the Canadians with a huge tariff. They could put lumber in our stores cheaper than we could because it’s free up there. That hurt our markets because it hurt our competition.
Posted on 5/17/23 at 1:32 pm to weadjust
Agreed tree supply isn't the issue.
Sawmills in the region capable of keeping up production to meet demand is the issue.
Sawmills in the region capable of keeping up production to meet demand is the issue.
Posted on 5/17/23 at 1:43 pm to Civildawg
quote:
Lumber prices are at previous lows before Covid yet they are at least 30% - 50% more than before.
Pre covid I think we were getting a 4x8 sheet of OSB for about $6-7. During covid they got up around $60 or maybe even a little higher. It was insane. They won't ever be what they were 3 years ago but they have at least come back down to reality now.
Posted on 5/17/23 at 6:27 pm to Civildawg
Because too many idiots are paying the inflated prices. Tell them you will wait for prices to get better. Who would reduce their price if they sell out at higher prices? Let them know that you as the customer aren’t buying because price exceeds your budget. It will then come down.
Posted on 5/17/23 at 7:02 pm to Civildawg
The truth is everyone who touches it is making insane margins right now.
Posted on 5/17/23 at 8:55 pm to DownshiftAndFloorIt
I would be feel better about the higher prices if the price on the stump was in line with the price at the store
Posted on 5/17/23 at 9:03 pm to Civildawg
Atleast lumber has come back down to a digestible level. PVC products are still high as ever. 3/4" pvc conduit was around $3 before covid and now its $10. dwv fittings used to be so cheap you just grabbed anything you possibly might need. Now they are $3-4 a pop and up. 10' of 4" dwv is $60. Someone is making some killer margins.
Posted on 5/17/23 at 9:49 pm to Civildawg
You will never see lumber pre Covid price.
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