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re: The real reason(s) lumber prices are up and climbing
Posted on 5/3/21 at 4:12 pm to Eli Goldfinger
Posted on 5/3/21 at 4:12 pm to Eli Goldfinger
But I heard truckers on TikTok saying there's huge supplies of lumber that are being held back to manipulate prices.
1
Posted on 5/3/21 at 4:14 pm to Bass Tiger
quote:
my favorite Chinese restaurant jacking prices 20% this past week
I have some friends in the food supply and restaurant procurement industries, they are talking price increases on staples closer to 50% than 20%. I know chicken shot up recently, some places have removed chicken items from the menu.
Posted on 5/3/21 at 4:15 pm to Eli Goldfinger
There is a shite-ton of lumber mills in Louisiana, Arkansas and Texas, both plywood, OSB and dimensional lumber.
Posted on 5/3/21 at 4:26 pm to Eli Goldfinger
Would be a great time to get into the alternative building materials business. Will we see a shift to more concrete or metal frame homes?
Posted on 5/3/21 at 4:49 pm to udtiger
quote:
But I heard truckers on TikTok saying there's huge supplies of lumber that are being held back to manipulate prices.
Supposedly- 3rd party supplier(s) bought larger amount of lumber a year ago when prices were rock bottom and there was no demand, now slowly releasing it.
Posted on 5/3/21 at 4:50 pm to Marquesa
quote:
Saw a neighborhood going up being framed with aluminum. Is wood so high that aluminum is now competitive?
More likely it was standard galvanized steel framing, looks silver like aluminum, regardless, steel prices have also risen sharply.
Posted on 5/3/21 at 4:57 pm to Eli Goldfinger
I understand what you are saying about dimensional lumber but OSB is not made from that grade of tree.
Its crap ground up and glued together. And 3 years ago you could buy a 7/16 sheet (4x8) for $8. Its over $45 locally.
I would agree with your premise but that is not the only factor. Low interest rates are also responsible. Here in Tuscaloosa there are 4 new neighborhoods around Lake Tuscaloosa that have been opened in the last 3 years. About 1200 homes in those neighborhoods. So the building boom is also a factor.
Its crap ground up and glued together. And 3 years ago you could buy a 7/16 sheet (4x8) for $8. Its over $45 locally.
I would agree with your premise but that is not the only factor. Low interest rates are also responsible. Here in Tuscaloosa there are 4 new neighborhoods around Lake Tuscaloosa that have been opened in the last 3 years. About 1200 homes in those neighborhoods. So the building boom is also a factor.
Posted on 5/3/21 at 5:01 pm to Marquesa
quote:
Saw a neighborhood going up being framed with aluminum. Is wood so high that aluminum is now competitive?
Those are steel studs. They look shiny due to the galvanizing from the factory.
Steel prices are on the rise also and metal studs get hit especially hard as steel and zinc prices go up with fuel (the galvanizing is Zinc).
Posted on 5/3/21 at 5:09 pm to Eli Goldfinger
quote:
The real reason(s) lumber prices are up and climbing
quote:
Eli Goldfinger
Thanks. Very informative.
Posted on 5/3/21 at 5:32 pm to Eli Goldfinger
quote:Huh??
90% of the wood used to build US houses comes from Canada and the Pacific Northwest.
Plenty of standing timber inventory in the US South but not enough mill capacity. Workers staying home drawing checks from we the taxpayers.
This post was edited on 5/3/21 at 5:41 pm
Posted on 5/3/21 at 5:37 pm to AthensTiger
I question OP
Posted on 5/3/21 at 6:35 pm to cajunangelle
quote:
so the Canadian rumor is true...
why do our trees suck and Canada's don't?
canada owns a very large percentage of the rights to americas timber lands. back during obumbos rule there was a stink about them controlling most of our lumber and the response was right wing conspiracy nuts shouldnt be listened too because canada is our friend
This post was edited on 5/3/21 at 6:37 pm
Posted on 5/3/21 at 6:53 pm to Eli Goldfinger
You don’t know what you’re talking aboot
Posted on 5/3/21 at 7:01 pm to alphaandomega
quote:
I understand what you are saying about dimensional lumber but OSB is not made from that grade of tree.
OSB production is being held up due to the lack of a chemical used in the glues.
Posted on 5/3/21 at 7:05 pm to Eli Goldfinger
quote:
OSB production is being held up due to the lack of a chemical used in the glues.
They probably get the damn glue from China.
Posted on 5/3/21 at 7:22 pm to bamarep
It’s actually an O&G product. 
Posted on 5/3/21 at 7:46 pm to Bass Tiger
Can confirm, know a lot of cattlemen in Osage, Cole, Boone, & Gasconade counties that are becoming lumber barons overnight.
Posted on 5/3/21 at 7:52 pm to armsdealer
quote:
I know chicken shot up recently, some places have removed chicken items from the menu.
The ice storm killed the chicken producers. They couldn’t kill any chickens, then when they could. All the chickens were a pound over weight. And chickens don’t get better with age. Millions of chickens
Posted on 5/3/21 at 7:56 pm to Dawgfanman
Interest rates are still very low, which is driving a lot of new home construction demand.
Eventually they'll go back up, and the big generation now buying homes won't be buying as many new homes, and prices should normalize.
Construction costs must be at an all time high, though. Labor shortages abound, at least in NWA. Skilled and semi-skilled labor rules the world around here for the time being.
Eventually they'll go back up, and the big generation now buying homes won't be buying as many new homes, and prices should normalize.
Construction costs must be at an all time high, though. Labor shortages abound, at least in NWA. Skilled and semi-skilled labor rules the world around here for the time being.
Posted on 5/3/21 at 7:58 pm to AthensTiger
quote:
Workers staying home drawing checks from we the taxpayers.
This is driving home prices up as much as anything right now.
Lumber framing is still a relatively small percentage of the price of a finished home.
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