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re: A 2x4 stud was $1.87 give or take just 2 years ago. $8.25 each currently

Posted on 3/27/22 at 10:47 am to
Posted by SPEEDY
2005 Tiger Smack Poster of the Year
Member since Dec 2003
86550 posts
Posted on 3/27/22 at 10:47 am to
Been tracking some specific lumber prices since 12/24/20.

Here are how the prices of 4x4x16 pressure treated posts at the same Lowe’s have fluctuated since that date:


quote:

12/24/20



quote:

07/13/21



quote:

07/30/21



quote:

08/10/21



quote:

09/20/21



quote:

11/05/21



quote:

Today

Posted by stout
Porte du Lafitte
Member since Sep 2006
179042 posts
Posted on 3/27/22 at 10:49 am to
quote:

OceanMan



Email my TD email and I will send you my personal email to answer what I can for you offsite

kaystout13@gmail.com
Posted by Cymry Teigr
Member since Sep 2012
2134 posts
Posted on 3/27/22 at 10:49 am to
I’ve still got around 1200ft each of crown molding and baseboard sitting in my workshop I bought a few years back. This might end up being one of my best investments yet at these prices.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179042 posts
Posted on 3/27/22 at 10:51 am to
I haven't paid attention to chainlink. I know privacy fence has doubled and so has galvanized materials for some carports I had bid months ago so I would imagine chainlink followed the rest of metal prices.
Posted by Mike da Tigah
Bravo Romeo Lima Alpha
Member since Feb 2005
61347 posts
Posted on 3/27/22 at 10:52 am to
quote:

Studs

July 2021 $3.82

December 2021 $4.85

Today. $8



To shed a little light on this, I worked in a building material store servicing builders with framing materials and long length lumber back in the late 80’s, and although I can’t remember all the prices, I can definitely tell you stud prices back then because I dealt with them every day.

PCS Pine 1.29

PCS Spruce 1.39

2x4x8 1.19

2x4x8 2nds .99


So, in a period of say 33/34 years, PCS went from 1.29 to 3.82, which sounds like a reasonable jump over the course of those years, but in one year we’ve seen prices double. That’s absurd.


Posted by stout
Porte du Lafitte
Member since Sep 2006
179042 posts
Posted on 3/27/22 at 10:53 am to
quote:

Here are how the prices of 4x4x16 pressure treated posts at the same Lowe’s have fluctuated since that date:




Sickening
Posted by stout
Porte du Lafitte
Member since Sep 2006
179042 posts
Posted on 3/27/22 at 10:56 am to
quote:

PCS Spruce 1.39



I bet I can go to my records storage from the first spec house I built in 2003 and was paying this for pine studs. Pine studs never really fluctuated a ton for literally decades until recently.

I keep everything so if I remember the next time I am around them, I will dig the records out and see.
This post was edited on 3/27/22 at 10:57 am
Posted by Athanatos
Baton Rouge
Member since Sep 2010
8176 posts
Posted on 3/27/22 at 11:02 am to
The inflation figures I have seen are bonkers. Maybe TVs haven’t gone through the roof, but steel, wood, copper, oil have all gone up astronomically. Idk how you can’t say that inflation isn’t over 10% even factoring in relatively stable prices for some goods.
Posted by OceanMan
Member since Mar 2010
22581 posts
Posted on 3/27/22 at 11:03 am to
quote:

Email my TD email and I will send you my personal email to answer what I can for you offsite


Sent a message
Posted by AUCE05
Member since Dec 2009
44675 posts
Posted on 3/27/22 at 11:03 am to
Cost to build is meaningless. Some people are not afraid of leverage and have excess funds. Location is more important
Posted by stout
Porte du Lafitte
Member since Sep 2006
179042 posts
Posted on 3/27/22 at 11:16 am to
quote:

Some people are not afraid of leverage and have excess funds. Location is more important


As SFP pointed out, when the cash they used is wiped out by a drop in pricing then I am sure they will care.
Posted by Jsand43
Member since May 2021
882 posts
Posted on 3/27/22 at 11:21 am to
I have my own handyman business and I quit bidding carpentry jobs a few months ago. With the price of materials it's just a complete waste of time.
Posted by cable
Member since Oct 2018
9735 posts
Posted on 3/27/22 at 11:24 am to
quote:

steel, wood, copper, oil have all gone up astronomically


so has wheat
Posted by biglego
San Francisco
Member since Nov 2007
82860 posts
Posted on 3/27/22 at 11:32 am to
quote:

Apparently there’s just a frickton of money in people’s pockets because you’d think everything would come to a grinding halt with these prices.


Yeah I don’t understand it. Prices are apeshit on housing, materials, gas, vehicles, everything. But people are still buying them up. I must be the only person who isn’t rich.

When so many people are happily paying $70k for a new pickup, why would dealers ever lower prices? In a normal situation, people would stop buying and prices would then fall.
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
48681 posts
Posted on 3/27/22 at 11:39 am to
quote:

This bubble is going to pop and it's going to be painful for a lot of people.



I wish it would fricking hurry up.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464606 posts
Posted on 3/27/22 at 11:39 am to
quote:

Cost to build is meaningless. Some people are not afraid of leverage

When you're leveraged against a depreciating asset, that cost has a ton of meaning.

quote:

Location is more important

While I do agree (in fact I have a thread in my head about the insane differences in value across cities), valuable locations can turn quickly once equity flips into the negative (and with interest rates increases, refinancing isn't an option)
This post was edited on 3/27/22 at 11:52 am
Posted by htcthc321
Member since Oct 2010
1740 posts
Posted on 3/27/22 at 11:44 am to
We still had a portion of fence that needed replaced from Ida. Roughly ~72 LF. Cheapest quote was like $25.80 per LF.

It's roughly $10-11 per LF to just do it yourself, which is what I ended up doing.
Posted by lechateau
Member since Dec 2021
967 posts
Posted on 3/27/22 at 11:48 am to
quote:

It’s a shite show, but it didn’t get here accidentally or because of intelligent and well thought out discourse over the course of years. It got here because the Democrats simply wanted power, and it didn’t matter what they had to do to attain it. They did it.



I used to think that. Now I think Dems or more or less just the face of the ruling party with most of the GOP just playing a side role. TARP during the Bush years ramped up this shitshow.
Posted by Jsand43
Member since May 2021
882 posts
Posted on 3/27/22 at 11:53 am to
I don't know where you are buying material and how you were building fences, but the properly build a 6 ft privacy pine fence it's at least $14 a foot just for material
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
23608 posts
Posted on 3/27/22 at 12:12 pm to
Lumber is crazy as shite. We build a musical set every spring for the school (this year is Charlie and the Chocolate Factory) our set budget this year was $2,500 and we blew through that and dug another 2K out of our own pockets. The kids will have a kick arse set, but $80 for a sheet of 3/4 OSB for flooring is insane.
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