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BlackPot
LSU Fan
Member since Oct 2016
713 posts

re: Will lumber prices go down by years end?
They are not. Houses will still be built. Build your home.


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18
Drunken Crawfish
USA Fan
Crushing 'skis at Tobin's house
Member since Apr 2017
3261 posts

re: Will lumber prices go down by years end?
Is that from a big box store or local building materials dealer?


Art Vandelay
LSU Fan
LOUISIANA
Member since Sep 2005
9166 posts

re: Will lumber prices go down by years end?
Local.


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jchamil
Member since Nov 2009
11124 posts

re: Will lumber prices go down by years end?
I need to replace a decent amount of wood on the exterior of my house. Thinking of replacing it all with 7/8 inch concrete siding. Anyone used that?


FowlGuy
LSU Fan
Member since Nov 2015
840 posts

re: Will lumber prices go down by years end?
Everyone needs to stop building them it will come down. There’s no reason for them to lower the prices If people are buying it.


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60
Art Vandelay
LSU Fan
LOUISIANA
Member since Sep 2005
9166 posts

re: Will lumber prices go down by years end?
Hardie artisan siding? Price increases and shortages. Hardie is actually about to stop manufacturing it for an extended period to catch up supply of regular siding. I’m sure others will follow.


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Strannix
USA Fan
Banana Republic
Member since Dec 2012
35465 posts
 Online 

re: Will lumber prices go down by years end?
Lol a roll of romex is 120 dollars, its not just lumber everything is to the fricking moon.



Art Vandelay
LSU Fan
LOUISIANA
Member since Sep 2005
9166 posts

re: Will lumber prices go down by years end?
Yeah I heard pvc is crazy also. Add that with the long lead times on windows, doors and appliances why would you even attempt to start a house right now


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10
shoelessjoe
LSU Fan
Member since Jul 2006
7778 posts

re: Will lumber prices go down by years end?
Don’t want to jinx it but prices are ticking lower lately. The futures as well is trading much lower the last few days. Hope the trend continues.


SlidellCajun
LSU Fan
Slidell la
Member since May 2019
4750 posts

re: Will lumber prices go down by years end?
Down 4.5% today

People just need to stop buying into the craziness and let the supply catch up


shoelessjoe
LSU Fan
Member since Jul 2006
7778 posts

re: Will lumber prices go down by years end?
I am looking at the future months as well. Everyday this week has seen a drop in the later months into next year.


FowlGuy
LSU Fan
Member since Nov 2015
840 posts

re: Will lumber prices go down by years end?


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10
bee Rye
Chicago Cubs Fan
New orleans
Member since Jan 2006
32522 posts

re: Will lumber prices go down by years end?
quote:

People just need to stop buying into the craziness and let the supply catch up


Supply has caught up, don’t get it twisted. There is no shortage of lumber right now. The Home Depot in Kenner had more than I have ever seen before


3oliv3
Member since Aug 2016
382 posts

re: Will lumber prices go down by years end?
Lol I came here to post the exact same thing. Went to rent a tool at HD in Kenner and was amazed by the amount of wood. Stacked floor to ceiling inside and taking up a huge portion of the parking lot too.


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SlidellCajun
LSU Fan
Slidell la
Member since May 2019
4750 posts

re: Will lumber prices go down by years end?
Spoke to a builder last week who told me that people are starting to cancel their home building projects so that could be an indication that a slowdown is amidst.

This guy builds up to 8 semi to full custom homes a year.


Art Vandelay
LSU Fan
LOUISIANA
Member since Sep 2005
9166 posts

re: Will lumber prices go down by years end?
Price dumped this morning more than $300.


Salmon
USA Fan
On the trails
Member since Feb 2008
78725 posts
 Online 

re: Will lumber prices go down by years end?
so my spring projects that I put on hold might be a go for the fall?



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DumpsterFire
Arkansas Fan
Member since Sep 2012
1413 posts

re: Will lumber prices go down by years end?
quote:

Price dumped this morning more than $300.


Isn't that just because the futures contracts rolled from May 15th expiration to July 15th? I think the cash market is still pretty strong at the moment.


shoelessjoe
LSU Fan
Member since Jul 2006
7778 posts

re: Will lumber prices go down by years end?
Cash contract is down. Actually the last few days, all contracts have been down. Don’t know if this is something we will continue to see or if it’s just a bump in the road. Congress has been talking about the need to lift tariffs to help prices fall.


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bbvdd
Alabama Fan
Memphis, TN
Member since Jun 2009
20823 posts
 Online 

re: Will lumber prices go down by years end?
quote:

Rates are going to have an impact, so if we see a pretty good rate hike by year’s end, something will give.


If there is one it will be very late in the year but I wouldn't count on it.

Maybe if the fed would stop buying 20-30bn weekly in MBS and Treasuries.


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