Lumber is down...steel is down...when will barn pricing come down?

[Shoester]

At the peak of the pandemic, lumber was over $1,500/mbft and averaged around $400 before the pandemic. Today it sits at $480.

At the peak of the pandemic, HRC steel was almost $2,000, and averaged around $550 before the pandemic. Today it sits at $819.

In April of 2020 I priced a barn materials package at $22,500. Today, that same exact materials package through the same vendor is over $40,000. Why the hell aren't retail prices coming down?!

 

[bigman68]

Supply and demand, people are still buying at current pricing, so why drop the price? If people would stop spending, pricng would quickly plummet.

 

[jack stand]

Did your 2020 "package" include a material list?
If so go and shop that.
A pole barn or shop isn't difficult to create a list unless you really have never done any building.
I've never bought a "kit" but it's hard to imagine that there's not some extra markup involved or that the actual lumber is pre cut vs regular "out of the pile" lumber that's sitting in their yard already in regular lengths.

 

[LOW1]

My local Menards is still wanting about $4 for a 2 x 4 x 8 stud. If my memory is right it was $2-3 not long ago. So that stud is down 50% from the $8.00 it was but also still up 33% from $3.00.

 

[nadogail]

Bought some usable expanded steel to build a belt guard. Wound up paying $2 a pound for a piece much larger than needed. The remnant will go into the “one of these days” pile.

 

[readhead]

Suppliers are still working through existing inventory and when that is gone prices will start dropping.

 

[jblnut]

Suppliers are still working through existing inventory and when that is gone prices will start dropping.

Yup. This.

I asked my lumberyard guy for a price on a 54x112 pole shed and he said to wait until winter to price anything. Between the possible coming recession and lumber finally dropping on his end they'll be in a much better spot as far as pricing goes.

We shall see I guess. At just shy of $120k built without concrete I will absolutely be waiting lol

 

[ZRX61]

When gas is $2/gallon & inflation is under 2%

 

[duga]

Any idea if or when concrete might come down?