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Is it economically safe to build home projects, again?

Posted on 1/9/23 at 8:39 am
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
48773 posts
Posted on 1/9/23 at 8:39 am
Looks like lumber pricing is down, at least as a market, where it peaked at $1477, and now is below $375.



A quick search of Home Depot pricing has 2x4 precut wall framing studs at $3.24 vs. the $2.62 that I was paying in 2019.

7/16” OSB 4x8 sheets are now $7.75 for their budget sheets. I was paying $6.65 in 2019.

I have been putting off some projects for awhile. One project being a new patio and a new deck. Looks like prices have come down on the wholesale level to 2019 levels, but still I see inflated pricing at retail. Should I wait a bit to see if the retail price pressures push it back down further or is this about as low as I should expect for a while?
Posted by el Gaucho
He/They
Member since Dec 2010
56786 posts
Posted on 1/9/23 at 8:42 am to
Why build projects when all the dsld neighborhoods end up as the ghetto in 2 years?
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
36228 posts
Posted on 1/9/23 at 8:44 am to
Your globalist approved pod is safe to build
Posted by member12
Bob's Country Bunker
Member since May 2008
32613 posts
Posted on 1/9/23 at 8:45 am to
quote:

Is it economically safe to build home projects, again?



Interest rates are what again?

Posted by H2O Tiger
Delta Sky Club
Member since May 2021
6843 posts
Posted on 1/9/23 at 8:48 am to
Wife is looking at doing a kitchen and master bath remodel this year. I'd like prices to drop even further
Posted by WhiskeyThrottle
Weatherford Tx
Member since Nov 2017
6459 posts
Posted on 1/9/23 at 8:57 am to
Is OSB really $7.75? I thought it was up to around $20 a sheet or more. I haven't really priced lumber in a bit. Steel prices are still rather high.
Posted by lnomm34
Louisiana
Member since Oct 2009
12702 posts
Posted on 1/9/23 at 8:59 am to
(no message)
This post was edited on 1/29/25 at 3:01 pm
Posted by LSU Coyote
Member since Sep 2007
54916 posts
Posted on 1/9/23 at 9:00 am to
Sir, 4yrs.
Posted by Ssubba
Member since Oct 2014
7143 posts
Posted on 1/9/23 at 9:06 am to
Unless you're doing some large scale project/addition to the house, just build whenever.
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2899 posts
Posted on 1/9/23 at 9:11 am to
Bought plain 3/4 osb about a month ago for over 40, got tongue and groove 3/4 this weekend for 24.
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
48773 posts
Posted on 1/9/23 at 9:46 am to
quote:

Is OSB really $7.75?
Home Depot $7.75 7/16" 4x8 OSB
Posted by baldona
Florida
Member since Feb 2016
22418 posts
Posted on 1/9/23 at 10:01 am to
I thought the predictions were hit a low this winter and then go back up by summer time? A lot of the country doesn't build much right now
Posted by TIGERsinceCONCEPTION
Uptown New Orleans
Member since Jan 2009
1103 posts
Posted on 1/9/23 at 10:04 am to
A lot of finishing goods are still high, like fixtures, cabinets, appliances, etc.
Posted by idlewatcher
Planet Arium
Member since Jan 2012
86605 posts
Posted on 1/9/23 at 10:07 am to
What's funny about this is per board foot, it's down from the covid highs of ~1,500.

Fence per foot cost during that time: $60-70/ft

Fence per foot cost now: ~$50/ft

You can tap inflation all you want, but this is straight labor with only a 10-20% reduction
Posted by LSUDad
Still on the move
Member since May 2004
60654 posts
Posted on 1/9/23 at 10:21 am to
quote:

Is OSB really $7.75? I thought it was up to around $20 a sheet or more. I haven't really priced lumber in a bit. Steel prices are still rather high.

I remember $4.88.
Posted by modes
Member since May 2017
272 posts
Posted on 1/9/23 at 10:39 am to
Where are you located? Showing $10.60 at the BR home depot.

I did pick up some treated 2x4x8ft this weekend for like $3.50/board. 6x6x8fts were in the mid-$30 range which puckered me a little.
Posted by GreatLakesTiger24
Member since May 2012
57826 posts
Posted on 1/9/23 at 10:40 am to
lumber has been way down off of its covid peak for months and months
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
3268 posts
Posted on 1/9/23 at 10:58 am to
Why are you asking a message board to figure out if you have the proper finances to build a deck?
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