Y'all Been Checkin' Lumber Prices?

[ultrarunner]

Doing remodeling in the 80's to 1920's houses I would often buy rough cut full dimension lumber... just made life easier.

 

[gstrom99]

I'm getting close(r) to starting my shop build, inside my pole barn A few years ago when I was planning this out, I priced 28 foot 16" "trimmable" floor joists - to be used as the ceiling crossmembers. $141.59 then - $274.79 today. !!

 

[lman]

Lumber prices fall as housing market cools on soaring mortgage rates

The average traditional 30-year fixed mortgage rate hit 4.72% on Tuesday, representing a big jump since the Fed began hiking interest rates last week.

markets.businessinsider.com

 

[goeduck]

Why do they call it 2x4 when it's 1.5" X 3.5"?
My old house the 2x4s measure 2" X 4".

Shrinkage.

 

[Handloader109]

And if you think lumber is bad, just paid $6.01 with tax for a pound of 8d nails at the big box store. Sold them by the pound when I was a kid for 50 cents.... just wow. Price everything guys. Folks around here are getting stuck getting just simple stuff. We finished our daughter's home in November and on an initial $170k house was $80k over.

 

[lman]

As long as these overpriced items are being sold, the prices will only go up.

 

[DieselBound]

Profits (check out the windfall profits by big corporations the last couple of years- while most were suffering from COVID-19 ping-pong the US stock markets ratcheted up) and money laundering via big construction projects (where else to put money? - free money to big corporations, but not to you or I).

As others have noted it's not just wood/lumber products. After a LOT of pondering I decided to not pursue building a new house (all my labor). Lumber is only one part of such a project. Foundation, windows, roofing etc. have additional issues, supply chain issues: and then there's long-term consequences- will that item, supposedly covered under warranty, have replacement parts further on down the road? All such headaches so I can pay more property taxes? Going to save my money for my existing house and for food: "water," in food, shelter and water, is well covered!

 

[mrmikey]

Just got a sale flyer today for one of our local build it stores, CAN$22 for an 8' stick of pt 4 x 4, used to be CAN$8 (buck a ft) no more than couple years ago. No way can you tell me their expenses have tripled in 2 years but their greed has ......Mike

 

[rbstern]

Lumber pricing is starting to soften a bit. Futures have been coming down.

Picked up some 2x8x12 #2 prime from Home Depot for $16/each today. Lowest price I've seen on those in a while. Was quoted $28/each for similar item from a local building supplies place a couple of weeks ago.

 

[JasperFrank]

A Stud is an inspected board with a stamp good for structural construction. Lumber is just a dimentional board made out of wood. . They are not the same.

 

[mrmikey]

3 maybe 4 weeks ago this was CAN$66 now its CAN$86. I don't care what anyone says, there's no way that their costs went up 31%. To me that's just an out and out rip. They couldn't keep it in stock as it was the cheapest half decent plywood for $66. It's still cheaper than anything else around but they're gouging.............Mike

 

[Doug62]

Yet a decade ago mills were struggling, and making do with what they had for equipment. Around here at least, several major mills have turned some of that "extra" back into their infrastructure so that they can be more competitive in the future. They aren't the only factor in the supply chain anyways. You may not have noticed but fuel has gone up; required to run the mill, as well as bring raw product in and finished product out. Then it goes to the lumberyard, which makes more off the lumber than anybody further down the supply chain.

The mills here were all bought out by Canadian companies.

 

[Jstpssng]

What I find ironic is that many of the people complaining about lumber prices say "That's Capitalism" when Bezo et.al. makes it impossible for our neighbors to compete, so that he can add more to his pile of gold.

 

[Jstpssng]

The mills here were all bought out by Canadian companies.

Paper mills here were bought out by Chinese and African companies.

 

[kenmbz]

I remember when the government used to investigate monopolies.
Now if a company has even one competitor and even if it owns over 90% of the market, all is well......

 

[71bronco]

Right back up to almost what it was during the 'so called shortage'. Think I'd go with a brick house instead.

You do know that a brick house is just a veneer over wood? Not cheaper than siding, just better and more expensive. (been a bricklayer for 40 years)

 

[yanmars]

The newer ones, the old ones around here were triple brick thick.

 

[71bronco]

And if you thought lumber was expensive try pricing a triple brick house

The newer ones, the old ones around here were triple brick thick.

 

[deezler]

Dang. I sort of naively assumed that lumber prices were coming back down to earth.

Wife wants a she-shack office built this summer. Something simple like 12x20 with a front porch, etc. Can just be 2x10 floor grid, 2x4 walls, 2x8 rafters or such. I didn't realize how much it would cost me! The t&g flooring alone... $62 a sheet right now? c'mon, man.....

 

[JethroB]

The mills here were all bought out by Canadian companies.

Yep here too. Canfor.