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Thread: Lumber prices

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    Thumbs up Lumber prices



    Lumber prices have fallen to their lowest level in more than two years
    , bringing two-by-fours back to what they cost before the pandemic building boom and pointing to a sharp slowdown in construction.

    Lumber futures ended Tuesday at $429.30 per thousand board feet, down about one-third from a year ago and more than 70% from their peak in March, when the Federal Reserve began raising interest rates to fight inflation.


    Wood prices crashed in the early days of the 2020 lockdown, but they exploded that summer when stuck-at-home Americans remodeled en masse and suburban home sales surged. Two-by-four prices nearly tripled the prepandemic record in an early sign of the inflation and broken supply chains that would bedevil the economic reopening.

    But lumber has led the way down for commodities since the central bank took aim at rising consumer prices and the overheated housing market. For two years, climbing lumber costs lifted home prices. Now home builders say that cheaper wood is giving them wiggle room to offer buyer incentives and to trim prices without crimping their profit margins.
    Wood-pricing service Random Lengths said Tuesday that its framing-lumber composite index, which tracks cash sales in several species, fell to $520, down more than 60% from early March. Now that supply issues have eased and the highest mortgage rates in more than a decade have slowed home sales, buyers are no longer hoarding lumber for fear of running out.
    “All the urgency over the past two years—‘give me everything you can’—that’s basically over. Lumberyards are not scared of the price going up,” said Michael Goodman, director of specialty products at wholesaler Sherwood Lumber Corp., which his family owns and operates. The Melville, N.Y., distributor sells framing lumber and plywood to building-supply companies, truss manufacturers and shipping-crate makers around the country. “The sexy lumber world is coming to an end, unfortunately,” he said.



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  3. #2
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    PERFECT timing, I am starting my build! Now if the seemingly miles of Kato Unitrack I need would come down as well, I would appreciate it (something I failed to consider when I was toiling away in SCARM)!

    It is easy to lay all that track on the computer, buying it is a different story.

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    boy i wish they would drop in prices here. they are not what they used to be 1 2x4x8 $8.00 before the stupid crapola started 1 2x4x8 was $3.59 .....
    ive got lots of remodeling to finish on my house . But im not gunna pay those prices if i have to ill by a saw mill and cut my own lumber. it would be lots cheaper for me.
    went just yesterday to look at wood flooring I paid $34 bucks in 2019 now that same flooring is $76.00 more than doubled. 1 flippin door $678 bucks, are you flippin kidding me A FLIPPIN DOOR !! those have tripled in price 2019 they were $235 ....dont even mention the cost of ply wood ....##^&^$$$* . on the upside i dont have my house reappraised so taxes will stay lower for that. But thats the only good thing !
    AND you know the worst part is. I live in logging town with trees LOTS of trees every where. so there really is no reason for the high prices here........ IT JUST FLIPPIN GREED plain and simple !!!!!!!!
    Last edited by Allen H.; 5th Oct 2022 at 11:20 AM.

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    The last few times I've looked at plywood at the big box stores around me, I wouldn't buy the crap they were offering at any price. I sure hope that "Give me everything you can" attitude that Gooodman guy mentioned goes away soon and lumber quality improves....

    But I'm not holding my breath.
    "Do Not Hump!?!?! Does that mean what I think it means?!?"--Michelle Blanchard

    "People saw wood and say nothing, but railroad men saw trains and say things that are better left unprinted."--Charles De Lano Hine

    Down with UP

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    I suspect that lumber prices may spike again (if they haven't already) due to the carnage left behind in the southeastern USA by hurricane Ian. There's a whole new level of demand.

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