TeamTruett
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Was $36 Tuesday.
The reason I can’t build anytime soon
- Thread starter TeamTruett
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Skiff Builder
Well-known member
Ouch!
$37.90 down here at the Jersey Shore-still ouch.
$37.90 down here at the Jersey Shore-still ouch.
CombatNinja
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Good Lord. It would cost me $3000 in material to build a shed.
still cheaper than buying one the 16x30 foot shed i bought 5 6 years ago for 7k is now 20k from the same company
CombatNinja
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True. I built my 12' x 16' 10 years ago for $1500. And it is overbuilt as hell, 2 x 6 walls, 2 x 10 floor joists, all 16" on center. Granted, it is not on a slab but rather sits on blocks but still..... That shed would probably cost me $15,000 if I was paying someone to build it. Things have gotten to be re-goddamn-diculous. She needs a new roof this spring and I'm dreading the cost for a couple of squares of nice architectural shingles to match the house roof.
Cougar
Well-known member
It was coming down.
When did it go back up.
When did it go back up.
ArcReactorKC
Well-known member
Interesting. For a while I worked 1099 as a shed builder. When the customers would tell me what they paid for a lot of the sheds I couldn't have built it from scratch for less. Then again the average "kit shed" uses grade 3 lumber at best. I think they go to wonka land for the lumber for all of the dimensional lumber.
HPRifleman
Member Emeritus
If your knew that same sheet was going to be $50 in the future, would you still avoid building today?
Yes 100% because it's not goin to get better
CombatNinja
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Food, fuel and lumber are commodities that will probably trend downward if we can right the ship on this economy. My real concern is all the durable consumer goods like: appliances, lawn equipment, and cars that will simply never come back down. Those prices are now the new 'normal'. It doesn't matter if unemployment is low and wages are up when you have to pay 20% more for many things. The average transaction price of an automobile, after hanging out in the upper $30Ks for years, smashed past the barrier and is now over $41K. That is going to hurt real bad once money is not so cheap anymore. The prices are going to stay up and interest rates are going to rise.
Innovate1
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Glad I got my shop done just before prices went crazy. I see buildings going up and wonder how they can do it at the current prices.
FredWanaker
Well-known member
and it will be more tomorrow. Inflation is now predicted to be 10% - 12% annually by summer whether it helps or hurts you. For those of you who have been thru it in the 60's - 80's, you know the drill. For those of you who have not, the slowing (control) of inflation does not reduce the prices, they just stabilize at the new levels. My total utility bills for gas and electric in 2002 totaled $1095. In the late 1970's they were about $300 a year. This last year, 2021 it came to $2080. Since 2002 the house got dual pane windows, tyvek, new insulation, a new high efficiency split system, all led lights etc.. Even with just 1% to 2% inflation between 2002 and 2021 my cost of utility bills doubled. In 2002 I was paying $16 a sheet for T1-11 siding for this house. Last March a sheet was $45, and I hate to think what it is today. Again, that is with only 1% - 2% inflation. It will not get less expensive to build things with inflation running at 10% - 12% a year because it is compounded inflation. That $40 sheet of OSB at 10% inflation will be $60 in 48 months assuming that demand does not go way up because of some natural disaster, or the need to build millions of new homes to cover immigration. That was a mathematical statement, not a political one.
acer66
Well-known member
I am in the process of building two additions to my house which are fortunately not that big so while the current price is high and ***** my bigger issue is to even get the stuff I want.
Talk to the guy I normally get my windows from and he is 38 working weeks out for basic windows and the more high end you go the longer the wait is.
Cherry on top was that Anderson raised their prices 10% that morning.
Talk to the guy I normally get my windows from and he is 38 working weeks out for basic windows and the more high end you go the longer the wait is.
Cherry on top was that Anderson raised their prices 10% that morning.
Yes.
This isn't sustainable. I'll sit on my cash and wait for it to crash, if the job market stays hot I'll build when it's $8 a sheet and contractors are begging for work.
I want a shop, I don't need a shop.
It's not going to crash lol this is the "new normal"
Hope not.
But if it is I'll need to save for another few years. So either way waiting!
FredWanaker
Well-known member
funny thing is those of us who have seen these "crashes" will tell you that it is the cost of labor that crashes, not materials. They just shut the factory down, reduce production, or move it somewhere else when the sales slow. DIY don't bill for labor so they don't typically save a lot on labor when crashes come. The old rule is "when you have plenty of time you have no money, and when you have plenty of money you have no time." Home prices fall but the banks "take" the losses only to be bailed out by the taxpayer. I don't see the price of materials falling anytime soon unless there is something special about this form of inflation that is different than all the others in history.
Yeah, I have been planning to frame in a kick-back room in my workshop with a storage loft above. Priced it all out back in December and 2x4x8 KD was $4.48 and now they are $6.98. I decided the loss of use and unknown prices was not worth waiting for and I am building it now so I am not in waiting mode.
I'm half way through my build. I gotta **** it up and buy the rest of the material no matter the price gotta get it closed in before spring rains hit hard
I did most of my materials list for a 36'x40' last fall, as prices were almost normal. I went to finish it up about a month ago and 2x we're back "double" what they should be.
They've gone up more since
Nosferatu
Well-known member
Tomorrow is promised to no-one.
FredWanaker
Well-known member
Is there actually a catalog somewhere that has should be prices? Maybe you meant to say what we were accustomed to.
Maybe I should have put the quotes around "should".Is there actually a catalog somewhere that has should be prices? Maybe you meant to say what we were accustomed to.
NDJ
Well-known member
Here it is in Western Canada today. 4x8 OSB. Of course thats CAN$ so about US$36.7 . Was CAN$25.48 late December
So a 2X4X8 was CAN$13 here last August. Then slowly tapered down to $4.28 late Nov and stayed there till it started going up weekly in Jan and now are $8.48.
So a 2X4X8 was CAN$13 here last August. Then slowly tapered down to $4.28 late Nov and stayed there till it started going up weekly in Jan and now are $8.48.
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greg13
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Glad I did my 24x32 pole barn 2 years ago when things were just starting to get stupid.
Plastikosmd
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Got a 7 figure quote for 1400 sq foot addition
moving on….
moving on….
If you can it's cheaper to go about doing it yourself, that's why I'm building solo
I’ve been consistently building from pre Covid and still now - materials are a fraction of the cost compared to labor. Cost for lumber/framing packages from local suppliers (not big box) may have increased but it is still little compared to labor. And for anyone who thinks it’s going to come down - please keep waiting. It will leave more materials for those of us who know it will only continue to get more expensive.
Even with purchasing - last years interest rates when I refinanced were 2.5% on a 15 year for $300K. Buddy just got his mortgage for 4.5% on a 30 year for $325k… And they project it will be like the 80’s all over with up to 7%-10% interest… And y’all are worried about paying $8 for a 2x4. Enjoy the ride and wait.
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Plastikosmd
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Ya, it was a bit more than I could handle especially with unforeseen life circumstances
Steel was 150k
Glass 110k
list goes on
I will be happier w compounding interest in the years to come vs that
Steel was 150k
Glass 110k
list goes on
I will be happier w compounding interest in the years to come vs that
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You building the Taj mahal
?Firebrick43
Well-known member
They say inflations is 7 percent now, but if it was calculated with the formula that the government used in the 80's it would be well over 10 percent.
Beating the 9,6 percent that was insane in 1980
Beating the 9,6 percent that was insane in 1980
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Plastikosmd
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Just a high end 4 season room/bar/office etcYou building the Taj mahal
well, was.
Onto other things and adjusting to my new “normal”
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Well better yet - so maybe you pay 2x as much as expected. So what? It’s still less expensive than it will be next year, or the year after that, if after that. Keep making excuses - if you keep waiting you’ll never build it but think if all the money you saved.
Ok, you want to loan me the delta betweenWell better yet - so maybe you pay 2x as much as expected. So what? It’s still less expensive than it will be next year, or the year after that, if after that. Keep making excuses - if you keep waiting you’ll never build it but think if all the money you saved.
what I saved and what the cost is? Thanks!
My philosophy is buy once, cry once and don't owe on everything. Unfortunately what I've got socked away isn't going to cover my build, So I wait. Either it goes down in cost and I pull the trigger, or I save more and pull the trigger in a year, or the housing market tanks and I pay cash for another investment property and use that to pay for the shop.
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HandymanDave
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Common Redwood Dog-Earred 5/8 in. x 6 in. x 6 ft. Fence Pickets are now $5 each at both Lowes and HomeDepot in Southern California, DOUBLE what they were less than a year ago. Has the Pacific Northwest begun shipping wood via cruise ship?? My not very long backyard fence will cost about $3000 to re-build, myself. Current fence isn’t falling down, but walking naked around the backyard is a personal hobby … for my well-on-his-way-to-overweight-mediated-diabetes neighbor. Sometimes, you just have to bite the bullet on high prices in order to spare your poor, poor eyes. …and nostrils, in an unfortunately-angled breeze. Some things cannot be UNseen … and UNsmelled.
youre an *******
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