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Started By
Message
re: Lumber prices are now cheaper than they were on Election Day - Now down ~70% from peak
Posted on 8/12/21 at 6:58 am to rickgrimes
Posted on 8/12/21 at 6:58 am to rickgrimes
Hurry up and build a house!
0
Posted on 8/12/21 at 7:05 am to rickgrimes
Simple supply and demand economics. Inflationary pressures jack up prices and demand declines because builders/consumers refuse to pay those prices and stop building and doing home improvement projects.
But overall inflation is high due to Biden administration government spending and energy policy.
But overall inflation is high due to Biden administration government spending and energy policy.
Posted on 8/12/21 at 7:08 am to Earthquake 88
quote:
There is a SERIOUS global shortage on containers and cargo ships thus driving ocean freight up as high as I’ve ever seen it in 30 years.
In a financial report I listened to on Tuesday an analyst stated 1/5 container ships leave and arrive port on time now.
The whole system is fricking chaotic.
Posted on 8/12/21 at 7:11 am to Oilfieldbiology
quote:
1/5 container ships leave and arrive port on time now.
This is the real festering problem. If shipping doesn’t sort itself out we all better buckle up. Shortages and shy high prices in our future. Not only are there delay issues but getting a container cleared has quadrupled.
Posted on 8/12/21 at 7:11 am to toosleaux
Wow! That's comforting...
Posted on 8/12/21 at 7:32 am to rickgrimes
Retail prices are finally dropping but not quite where they should be yet. Hopefully this second looming lockdown doesn't shoot everything back up.
Also, trim boards are still insanely high right now. Quarter round isn't .90 cents per LF like it was but it is still around .50 per LF which is 3 times what it was.
Also, trim boards are still insanely high right now. Quarter round isn't .90 cents per LF like it was but it is still around .50 per LF which is 3 times what it was.
Posted on 8/12/21 at 7:35 am to Oilfieldbiology
quote:
1/5 container ships leave and arrive port on time now.
Well, keep in mind that in the middle of all of this Joe and his admin thought it would be a great idea to add more tariffs to Canadian lumber which requires no shipping across seas. Unless things have changed, Canada is the largest importer of lumber into the US.
Posted on 8/12/21 at 7:52 am to 1MileTiger
quote:
HD still selling 2x4s for $3.98/board. Going to hold off a bit longer before I get the wood and materials to finish my basement.
There is a lag between the spot market price for raw lumber and the lumber that is sold retail. What you see today retail was likely bought up to a month ago.
I would suggest making lumber purchase at least 30 days from now to get better pricing.
Posted on 8/12/21 at 8:02 am to SlidellCajun
quote:
I would suggest making lumber purchase at least 30 days from now to get better pricing.
My new house slab will be poured about 8/23. I guess they'll order the framing package at that time. Not ideal but a lot better than what I was staring at three months ago.
Posted on 8/12/21 at 8:06 am to sawtooth
I have a deck and a patio to build. Come on, October!
Posted on 8/12/21 at 8:08 am to rickgrimes
That's lumber futures, not what's on the price tag at the retail lumber store. They paid higher for what they're selling now, so until all of the high price inventory is gone, retail prices are still going to remain high for a while longer.
Posted on 8/12/21 at 8:16 am to VolsOut4Harambe
quote:
Hold off till fall
I work for HD corporate
I've heard that place is a meat grinder. Really blows.
Posted on 8/12/21 at 8:23 am to 1MileTiger
quote:
HD still selling 2x4s for $3.98/board.
Better than the 6.99 they charged me last year
Posted on 8/12/21 at 8:40 am to hubreb
quote:
When it drops below 300 it will be back to normal
Posted on 8/12/21 at 8:45 am to rickgrimes
Home depot's quarterly results are about to go through the roof. Their prices haven't moved much.
Posted on 8/12/21 at 8:48 am to kywildcatfanone
quote:quote:
Someone tell Home Depot
And Lowes
Ive been tracking some lumber prices at the same Lowe’s store since December.
Here is an example
2x4x12:
12/24/20: $9.57
02/27/21: $14.98
07/13/21: $10.98
07/30/21: $8.88
08/12/21: $7.68
So that board is 25% cheaper than it’s price in December, (which is still high compared to pre covid), and 95% less than its price in February
12/24/20
02/27/21
07/13/21
07/30/21
Today:
Posted on 8/12/21 at 8:57 am to SPEEDY
4x4x16:
12/24/20: $22.77
02/27/21: $36.37
07/13/21: $30.57
07/30/21: $21.57
08/12/21: $19.98
So that post is 14% cheaper than it’s price in December and 82% less than its price in February
12/24/20
02/27/21
07/13/21
07/30/21
08/12/21
12/24/20: $22.77
02/27/21: $36.37
07/13/21: $30.57
07/30/21: $21.57
08/12/21: $19.98
So that post is 14% cheaper than it’s price in December and 82% less than its price in February
12/24/20
02/27/21
07/13/21
07/30/21
08/12/21
Posted on 8/12/21 at 9:05 am to SPEEDY
most things have come down, but i would look for a big drop around october or novemebr.
Posted on 8/12/21 at 9:38 am to LSU4ever2002
they will go down as soon as they sell off the lumber that they bought at the high dollars.
Bidniz models.
Bidniz models.
Posted on 8/12/21 at 9:39 am to SPEEDY
5/4 x 8' deck boards $5.98 at Lowes in Gonzales.
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