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Lumber up 170% since April!

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Forum topic by Madmark2 posted 09-17-2020 02:47 AM 1516 views 0 times favorited 31 replies Add to Favorites Watch
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Madmark2

3178 posts in 1879 days


09-17-2020 02:47 AM

Topic tags/keywords: prices

“Lumber prices are now up more than 170% since mid-April, adding more than $16,000 to the price of a typical new single-family home,” said NAHB Chief Economist Robert Dietz.

Link.

-- The hump with the stump and the pump!


31 replies so far

View mjheck's profile

mjheck

66 posts in 2440 days


#1 posted 09-17-2020 06:02 AM

The Random Line Composite price for 2 X 4 commodity douglas fir/Western Hemlock on Tuesday stood at $986/1000 bd ft. The mill I am affiliated with gets a $45 premium on top of that so wholesale 2×4 from our mill bought in truckloads will cost $1041 for a thousand board ft. At the beginning of the Pandemic prices were in the$380 range. Our customers are willing to pay whatever price if we can get them the product but in many places we either can’t get enough logs(prices and availability are also sky high now for logs) and we don’t have enough inventory to supply the customer. Most lumber yards I talk to are having trouble getting inventory and when they can they are paying increased prices each time. Other building materials are following along. Check out the price for OSB lately.

View tomsteve's profile

tomsteve

1182 posts in 2510 days


#2 posted 09-17-2020 01:51 PM

i gave an estimatebfor a 10 by 12 shed in june. early august they were ready. price went from $1100 to $1800. one week latet price of lumber went up more.
started construction last saturday. i missed 2- 2 by6 12 footers. picked em up yesterday. $31 and change.
1/2”OSB around here is $21-25/sheet. wood chips and glue.crazy!
i dont see the prices ever going back down to what they were in early 2020.

View Bstrom's profile

Bstrom

360 posts in 464 days


#3 posted 09-17-2020 01:55 PM



i gave an estimatebfor a 10 by 12 shed in june. early august they were ready. price went from $1100 to $1800. one week latet price of lumber went up more.
started construction last saturday. i missed 2- 2 by6 12 footers. picked em up yesterday. $31 and change.
1/2”OSB around here is $21-25/sheet. wood chips and glue.crazy!
i dont see the prices ever going back down to what they were in early 2020.

- tomsteve


Now we can see the value of a nice, gentle recession – price control! Look for one coming to your neighborhood soon…

-- Bstrom

View scribble's profile

scribble

244 posts in 3491 days


#4 posted 09-17-2020 02:01 PM

I was going to build a new 2 car garage with loft, I priced out materials on 3 separate occasions a week apart from each and each time the price increased by $150.00

-- If you can't read it Scribble wrote it!! “Experience is merely the name men gave to their mistakes.”

View tomsteve's profile

tomsteve

1182 posts in 2510 days


#5 posted 09-17-2020 02:04 PM


Now we can see the value of a nice, gentle recession – price control! Look for one coming to your neighborhood soon…

- Bstrom

material estimates from suppliers are only good for a period of time ranging from 24 hours to a week depending on supplier,too.

View controlfreak's profile

controlfreak

3079 posts in 892 days


#6 posted 09-17-2020 02:06 PM

I talked to someone that is selling their house because they want to build. Yes, you can get a great price selling but I don’t think I would build right now.

Says that man stuck in a tiny shop.

View HorizontalMike's profile

HorizontalMike

7933 posts in 4204 days


#7 posted 09-17-2020 02:55 PM

Just a thought… When I built my 24ft X 30ft X 12ft garage/shop, I chose to build/assemble a steel framed and sided building. FWIW, I see nothing that would/should hold anyone back from doing something similar for a “home” and framing the inside as one pleases. Framing with a concrete & foam sandwich might be another option to consider. Save the “LUMBER” for furniture and WW projects… ;-)

Not everything needs to be a proverbial “log cabin” in the woods. Just my $0.02 worth.

-- HorizontalMike -- "Woodpeckers understand..."

View Robert's profile

Robert

4799 posts in 2771 days


#8 posted 09-17-2020 03:10 PM

I fear this is going beyond construction lumber…............

I think WW’ing is going to get even more expensive.

-- Everything is a prototype thats why its one of a kind!!

View TechTeacher's profile

TechTeacher

53 posts in 3686 days


#9 posted 09-17-2020 04:05 PM

Need lumber in Central Wisconsin? I have lots, trying to clean up a bit. 4/4 up to mantels all rough sawn. My prices have not went crazy. Not in the business of selling lumber but the number of piles has gotten out of control. What does a lot mean??? no idea really …. Probably over 20,000 feet here. Mostly pine and oak

View 23tony's profile

23tony

77 posts in 1460 days


#10 posted 09-17-2020 06:40 PM

Just paid almost double what I’m used to paying for some 2×4’s to complete a house project I’m working on. Seeing similar all over.

View SMP's profile (online now)

SMP

4982 posts in 1196 days


#11 posted 09-17-2020 08:54 PM

Construction is still going strong so its an excellent field to gouge and attribute to the “pandemic”

View Madmark2's profile

Madmark2

3178 posts in 1879 days


#12 posted 09-17-2020 09:40 PM

SMP: Perhaps it also has to do with flight from cities creating first time home buyers …

Read the link.

-- The hump with the stump and the pump!

View Redoak49's profile

Redoak49

5423 posts in 3279 days


#13 posted 09-17-2020 09:49 PM

In my area, they are building houses so fast it is amazing. They are also laying out subdivisions to build new houses. We have a couple of builders building many houses but with cheap components. I am in NW Indiana and there are a huge number of people moving from Illinois/Chicago to Indiana.

View HorizontalMike's profile

HorizontalMike

7933 posts in 4204 days


#14 posted 09-17-2020 10:36 PM



SMP: Perhaps it also has to do with flight from cities creating first time home buyers …
Read the link.
- Madmark2

AND, consider the source ”...Breitbart News Network…”
Just sayin’...

-- HorizontalMike -- "Woodpeckers understand..."

View corelz125's profile

corelz125

3902 posts in 2267 days


#15 posted 09-17-2020 11:15 PM

I agree with you Mike more houses should be built from steel. More open space and less to burn in a fire.

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