re: Lumber prices continue to skyrocket

Timber prices haven't skyrocketed, just lumber prices. We have plenty of timber, the market has plenty of timber, it is ready to use lumber that is the hold up. We were looking at buying land and doing new construction but right now buying existing looks to be the better buy by far. The $200k and lower housing market is hot, I am finding stuff in our price range is sitting much longer, hopefully we can find something. I think we meet with the loan people today to switch gears from land/construction loan to see what we can do for a more traditional loan.

quote:

---

Yeah, I won’t be building for a while now.

---

I have my land already and wanted to build a bigger house but changed my mind and I am a builder. We are buying a storm-damaged house to rehab and live in for a few years instead. We will revisit building in a few years. If lumber keeps on like it is, we plan on building a large red iron shop and putting a house with metal studs inside of it.

Yep. I work for Home Depot. Our comps in the lumber and plywood departments have exponentially increased YOY. Demand for bulk lumber shipments is through the roof. There are more loads to be shipped than trucks available.

quote:

---

I could honestly use 30 more guys and still not have enough.

---

You can pick up a few workers who are living along the drainage canal just past Home Depot on Prien.

I bought a 10x14 Derksen building and the quote was about 15% higher than before the storm.

quote:

---

You can pick up a few workers who are living along the drainage canal just past Home Depot on Prien.

---

Mexicans? I have gone by and tried to hire a few but they want the full price insurance is paying out on things like sheetrock and paint. I don't charge what the insurance is paying because I try to help people with their deductibles. I have given up on trying to put any of those guys to work. They can stay in the parking lot all day at those rates.

I was planning on building a small (10x16) shed but it made more sense for me to get one prebuilt from tuff shed. I wouldn't have saved that much building it myself. I guess they have some pretty good lumber contracts

quote:

---

GF just inherited some pine land in south ms.

Good time to have it logged out? If we could get someone to do it what kind of return would we see on that per acre?

---

timber is not the issue and not priced high.

quote:

---

If lumber keeps on like it is, we plan on building a large red iron shop and putting a house with metal studs inside of it.

---

Looking at that option as well, but those prices seem to vary widely

Any places like that around Lafayette