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Started By
Message
re: Mortgage Rates Continue To Slide
Posted on 12/30/23 at 12:58 pm to Bard
Posted on 12/30/23 at 12:58 pm to Bard
I think part of it is that companies and jobs are congregating near major metro areas and ditching smaller places and towns.
Which makes it hard for employees to afford places to live.
There are houses, but small towns are drying up.
Which makes it hard for employees to afford places to live.
There are houses, but small towns are drying up.
This post was edited on 12/30/23 at 12:59 pm
0
Posted on 12/30/23 at 8:45 pm to JohnnyKilroy
Remodeling my basement. Go check out what a 25 ft role of romex costs and you will understand why prices have no chance of coming down.
Posted on 12/31/23 at 12:35 am to wutangfinancial
quote:
Wouldn't that bring down the cost of capital for lumber producers?
It would, but it would also mean that demand for their product would go up, thus the higher price.
Posted on 12/31/23 at 4:52 pm to MikeBRLA
As demand goes down lumber mills shut down to preserve what price they can ask. (Especially panels). As demand increases, supply dwindles. $18 OSB turns in to $35 OSB. They will maintain the highest price they can until someone comes in under. It their goal is to make as much as they can also so it’s a slow walk down in pricing.
There is a shortage of copper product now. A bump in demand will make it worse as copper is at peak now. 400A service boxes are like hens teeth.
There is a shortage of copper product now. A bump in demand will make it worse as copper is at peak now. 400A service boxes are like hens teeth.
Posted on 1/1/24 at 7:30 pm to ronricks
Prices are going up
The rate increases has not created the crash that many hoped for. It just slowed the rate of price increase
The rate increases has not created the crash that many hoped for. It just slowed the rate of price increase
Posted on 1/1/24 at 9:57 pm to XenScott
quote:How do you mean?
A bump in demand will make it worse as copper is at peak now.
Posted on 1/2/24 at 12:51 pm to Big Scrub TX
Russia was a major supplier of copper, China is a major manufacturer of copper components. Russian sanctions have restricted access to a lot of copper globally.
Copper wire and components prices have skyrocketed.
FYI, we signed 4 contracts in Dec. about to sign 2 this week. The demand is still there, interest rates just made them pause a bit.
House prices aren’t coming down.
Copper wire and components prices have skyrocketed.
FYI, we signed 4 contracts in Dec. about to sign 2 this week. The demand is still there, interest rates just made them pause a bit.
House prices aren’t coming down.
Posted on 1/2/24 at 2:31 pm to XenScott
quote:I guess. Copper itself is like 20% off of it's recent highs and has been languishing there for awhile. I haven't seen any recent uptick in wire pricing - certainly not for all of 2023. If anything, it plunged earlier in the year.
Russia was a major supplier of copper, China is a major manufacturer of copper components. Russian sanctions have restricted access to a lot of copper globally.
Copper wire and components prices have skyrocketed.
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