Krfjkm
Well-known member
I saw this and had to share it with you guys— puts it in perspective.
Sent from my iPhone using The Garage Journal mobile app
Sent from my iPhone using The Garage Journal mobile app
Another lumber post....[emoji6]
- Thread starter Krfjkm
- Start date
That pricing is pretty much true... Big Box stores are about 3x the price for lumber as it was before Covid. I saw that Zip Board sheets were $59 each and that is well over 3x what we paid in 2017 when we built our house. I think they were about $17-$18 a sheet if I remember right.
Was going to build a simple 10x12 cabin on our property but not for 3x the price.
Hub
Was going to build a simple 10x12 cabin on our property but not for 3x the price.
Hub
RPH
Well-known member
Was going to put up a deck the property up north. But at this price level, maybe next year.
67carl
Well-known member
I'm taking down a small shed, probably need to keep the lumber.
Ray-CA
Well-known member
We had a 6x6 shed installed a few months ago (got a good deal as we had ordered it last year.) I went out yesterday to buy an 4x8 sheet of ply or osb for shelving and was shocked at the prices. Construction grade 3/4 plywood was over $90 a sheet and osb was a bit higher. I ended up with a sheet of birch plywood and paid $53 for it!
HPRifleman
Member Emeritus
Is the cost of lumber really expensive now or was it just really cheap before?
CJ7VFR
Well-known member
Considering the prices stayed pretty much the same for years and years, and would rise and fall due to inflation, I would say the former.
Jim
tinmanwpk
Well-known member
I have a fair amount of 5/4 treated deck boards left over from my project a year and a half ago. Sounds like now is the time to sell them.
rmmiller
Well-known member
Found an interesting video on it this morning showing where the money is going.
duneslider
Well-known member
Truth is lumber prices were a little low and before covid I was hearing rumblings from suppliers of a price adjustment coming that would have put things inline with where they needed to be. I was hearing a 20-25% increase but instead we got a 400-500% increase.
There are a lot of rumors and conspiracy theories going around but what I am feeling confident about is that someone in the supply chain is lining their pockets with green bills. I actually don't think it is the lumber producers or the retailers on the end but it is someone in the middle that is getting fat off the situation. I think until it gets exposed and the public rejects the situation it is going to continue. What I was being told before all this was that sub $10 dollar 7/16 osb wouldn't be seen ever again. I just paid $47 for a single sheet of 7/16 osb, I think it is wrong.
This is another move that in the end is really just hurting the poor and lower middle class in the country. Median house prices in my area have increased 20% in a year to a high of over $400k.
rmmiller
Well-known member
Take a look at the video I posted. He includes financial information from Weyerhaeuser, pretty much shows where the buck is stopping. He also makes some good points about why he believes the others are not getting in on the money grab.
duneslider
Well-known member
I also suspect there are brokers in the middle that are making a lot too. Capitalism is great but when it is unchecked by society at large it can run away with your money.
Jeff
Well-known member
rmmiller
Well-known member
That wouldn't surprise me at all, he didn't touch on that in the video but you know it's part of the equation.
bradpac
Well-known member
I'm in the sheet metal business and seeing the same things in that industry, but it's in the supply chain. Import tariffs brought up costs on that steel, so people quit buying it and went back to domestic, so import shut down production, then domestic says we have the market again and they decided to short the market and drive up prices. Combine with Covid and you get extreme shortages on both domestic and foreign. The factor a lot of people can't figure out is that demand hasn't dropped...at least not here in TX, especially Austin.
duneslider
Well-known member
Yeah, demand never dropped in Utah either. The new one now today on the news is that we are going to be seeing fuel shortages, gas prices are already climbing.
I have read that with the steel China is buying up all the raw they can get which is creating a bit of a supply issue on foreign materials.
My concrete contractor just called and told me he got denied concrete for the scheduled pour tomorrow and they told him he can have it monday. Not sure if it is portland or fly ash that is in short supply?
I hear "computer" chips are seeing a shortage which is going to hurt everything electronic including the auto industry. We got notice from one of our suppliers for electronic stuff that due to possible shortages later this year they are raising prices now
ericlar80
Well-known member
State of California is making out like a bandit. They tax 1% of the wood cost of anything predominately made from wood (e.g. lumber, furniture), regardless of whether the wood was harvested/made in CA or somewhere else. It's taxed at the point of sale (e.g. Home Depot). So, they are getting 3-4x the taxes on it, plus the sales tax itself.
The government gave everyone free money, most people didn't go on vacation last year (saved) most middle / upper class were able to continue working this past year, so their is a surplus of cash in most peoples pockets...so they are going to spend it on stuff.
whatever the reason lumber prices are high it ***** and i am waiting for any major projects until they come down.
Computer chips are deffinilty in short supply - we have several new employees that i fear will be with sub par computers (unable to run solidworks locally on their machines) for a while.
Ford is building F150s and Edge without a couple chips that will be added in a few weeks.
whatever the reason lumber prices are high it ***** and i am waiting for any major projects until they come down.
Computer chips are deffinilty in short supply - we have several new employees that i fear will be with sub par computers (unable to run solidworks locally on their machines) for a while.
Ford is building F150s and Edge without a couple chips that will be added in a few weeks.
Yeah, demand never dropped in Utah either. The new one now today on the news is that we are going to be seeing fuel shortages, gas prices are already climbing..... I hear "computer" chips are seeing a shortage which is going to hurt everything electronic including the auto industry. We got notice from one of our suppliers for electronic stuff that due to possible shortages later this year they are raising prices now
OccupantRJ
Well-known member
ericlar80
Well-known member
I like this one
rmmiller
Well-known member
MushCreek
Well-known member
I'm thinking about taking my house apart and selling it for parts.
Home Depot is hiring.... tail gunners for their delivery trucks.
Home Depot is hiring.... tail gunners for their delivery trucks.
nadogail
Well-known member
I guess we better start guarding the trees in the park, Lumber Rustlers will be grabbing them.
CJ7VFR
Well-known member
This is actually not too far from the truth!
There is a guy near me who owns and runs a tree cutting business. I have had him come to my place a few times over the years to cut down dead trees on my property.
If the trunks of the trees are in not too bad shape, he will take some of the larger trunks and put them thru a portable wood mill that he has and create long boards with the bark still on them. He has been doing that for years.
He normally put them out by the road in front of his house with the price written on them in order to sell them. He always had boards out there pretty much every day.
I went by his house a few times over the last month or so, and there were no boards out there. I figured he probably sold them all.
I saw him this week at the grocery store and I asked about the boards not being there, and did he sell them all. He said nope, I didn't sell them all. He said he had to stop putting them out there because people were stealing them! He said he even started chaining them up, but people would come with bolt cutters and cut the chains off to steal the wood.
He started selling the wood thru our local Nextdoor website instead. He even told me that whenever someone wants to buy any of the boards he tells the buyer to meet him in the parking lot of our local police station in order to make the transaction.
It has actually come to this he said.
Jim
fourjeepin
Well-known member
I read somewhere that the price of raw trees hadn’t gone up, whether true or not.
There isn’t a lot of building going on around me, but there is one new house being built in my neighborhood. And it is a monster. Huge 3 car garage with at least 14 foot ceilings on the main level and a 2 car below. I saw 3 pallets of osb at 85 sheets each. Plus many, many 12 and 20+ foot long 2 bys. There had to be 25k in lumber stacked around this site.
Jazz1
Well-known member
I bring home pallets from work for projects. Got some 8’ oak 2x4s this week. This week restoring some Adirondack chairs i built 25 years ago with scavenged lumber. 3 more to go,,its tedious but a rainy weekend
Attachments
spike99250
Well-known member
I was finally able to get my 10' two by four off of layaway on Friday
WisJim
Well-known member
A friend in the food industry told me today that there's a shortage of citric acid and some types of food starch that's affecting the company she works for. No good idea of the cause. So it's not just building materials.