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Started By
Message
Lumber Falling
Posted on 5/19/22 at 4:59 pm
Posted on 5/19/22 at 4:59 pm
Lumber is back under $700/per thousand board foot. It topped off around $1400. The difference is around 30k+ for building your typical home. I wonder how this will affect building. It’s drastically slowed bc of interest rates and inflation.
15
Posted on 5/19/22 at 5:00 pm to PotatoChip
Going to keep dropping. The real estate guys are about to get a wake up call.
Feds are drying up demand FAST.
Feds are drying up demand FAST.
Posted on 5/19/22 at 5:01 pm to PotatoChip
quote:
Lumber Falling
Was someone around to hear it?
Posted on 5/19/22 at 5:18 pm to PotatoChip
Lumber is down but are boards for building half price too?
Posted on 5/19/22 at 5:21 pm to PotatoChip
I buy wood almost every day, it ain't dropping.
Posted on 5/19/22 at 5:25 pm to PotatoChip
I am about to start building a big entertainment center soon so this is welcomed news.
Posted on 5/19/22 at 5:26 pm to deltafarmer
Boards usually drop faster than actual “plywood”. They are down, but it usually takes a couple weeks to fully reflect the price.
Posted on 5/19/22 at 5:30 pm to Jsand43
Since early March, lumber prices have been cut in half
Today alone, futures dropped 6%
Today alone, futures dropped 6%
Posted on 5/19/22 at 5:36 pm to SlidellCajun
Keep it coming baby.
Posted on 5/19/22 at 6:32 pm to PotatoChip
I thought I read somewhere that it can take up to 6 months for retail lumber prices to reflect futures. Anybody know?
Posted on 5/19/22 at 6:54 pm to PotatoChip
Great news- I have a fence that I need to repair.
Posted on 5/19/22 at 9:23 pm to deltafarmer
quote:
Lumber is down but are boards for building half price too?
I was at a card game yesterday with two builders that said that 2 x 4s are going for $10.
Posted on 5/19/22 at 9:26 pm to PotatoChip
Gonna hit about $650 and plane out with a small bump late summer, a fall dip into the 400s, then a $900ish winter.
The $1400 days are definitely gone.
Plywood and OSB will hang a little higher for a while just for the fact that some builders are getting their asses sued off for using South American plywood that was rated wrong
The $1400 days are definitely gone.
Plywood and OSB will hang a little higher for a while just for the fact that some builders are getting their asses sued off for using South American plywood that was rated wrong
This post was edited on 5/19/22 at 9:28 pm
Posted on 5/20/22 at 7:40 am to Jsand43
quote:
I buy wood almost every day, it ain't dropping.
Same and yes it is. Not meteorically but has been steadily falling. Over the last 2 months 2x4 is down ~$400/m, 2x6 is down ~335/m, and on and on. 4x4's and 6x6's have dropped ~$500-600/m in that same timeframe. Same with deck boards. Not sure where you're buying lumber but it sounds like you're getting screwed. Treating chemicals are more expensive so that market isn't in line with pine like it normally is though.
Posted on 5/20/22 at 9:02 am to PotatoChip
Steel isn't dropping. Right now its 2132 a ton for plate steel.
Posted on 5/20/22 at 9:21 am to Sput
quote:
Gonna hit about $650 and plane out with a small bump late summer, a fall dip into the 400s, then a $900ish winter.
I agree
Caveats-
big hurricane hits and sucks up a lot of supply or a large mill burns down or both!
Posted on 6/1/22 at 9:42 am to PotatoChip
Down to 620 today!
Mid March it was 1,450!
Incredible
Mid March it was 1,450!
Incredible
Posted on 6/1/22 at 9:54 am to SlidellCajun
link to grapgh?
Posted on 6/1/22 at 10:08 am to SlidellCajun
quote:
Gonna hit about $650 and plane out with a small bump late summer, a fall dip into the 400s, then a $900ish winter.
What was it preCovid?
Posted on 6/1/22 at 10:55 am to I Love Bama
quote:
The real estate guys are about to get a wake up call.
Can't wait for the oil field baws to lecture them on saving when times are good.
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