The price of lumber these days!!

[LakeCleElum]

My nephew is in sales for a large lumber warehouse. I asked him if it's a supply issue? He said no way. The mills and yards are hoarding lumber and there is plenty of supply. The issue is DEMAND. One builder submitted a bid to his client and found the lumber package had jumped $50K since he put the bid together last fall........

Everything goes in cycles I say.

[VINMAN]

Originally Posted by look 171

I am so dumb. During the whole winter, we were goofing off riding our bikes, hanging out. My boys are old enough to help with building the second story deck. We started about two weeks ago. The decking itself is Ipe to match the lower deck. If I bought the materials 3 months ago, it would have been $ 1.50 less a lin' foot. That's 1000 lin', 1500 bucks difference.

As crazy as the lumber prices have shot up, the funny thing is , composite decking is still pretty much the same price as a year ago.

.

[Noah930]

Originally Posted by nvr2mny

Local developers here have stopped, some in mid-build, on their new homes. The costs of materials have reached a point where there isn’t any margin to make a profit. The people in the market to buy can’t afford what they are now costing to buy. The used home inventory is pretty much non existent here with homes that do hit the market usually ending up selling over asking within 24hrs. No worries though, inflation IS coming and it’ll self correct and the boon will end. That’s according to my crystal ball.

Wow. In my immediate neighborhood which measures about 4x5 blocks, currently there are 3 homes being built. Old houses were torn down, and homes about twice their size are being built.

[cabmandone]

Originally Posted by LakeCleElum

My nephew is in sales for a large lumber warehouse. I asked him if it's a supply issue? He said no way. The mills and yards are hoarding lumber and there is plenty of supply. The issue is DEMAND. One builder submitted a bid to his client and found the lumber package had jumped $50K since he put the bid together last fall........

Everything goes in cycles I say.

You should see the pics I get once a month from a yard where lumber is stored. No shortage there. Along with the pics there's the captions "lumber shortage? I don't think so" in the text.

[URY914]

Originally Posted by LakeCleElum

My nephew is in sales for a large lumber warehouse. I asked him if it's a supply issue? He said no way. The mills and yards are hoarding lumber and there is plenty of supply. The issue is DEMAND. One builder submitted a bid to his client and found the lumber package had jumped $50K since he put the bid together last fall........

Everything goes in cycles I say.

Originally Posted by cabmando

You should see the pics I get once a month from a yard where lumber is stored. No shortage there. Along with the pics there's the captions "lumber shortage? I don't think so" in the text.

I stand corrected (when's the last time one here said that?). There are several stories on-line about it.

https://www.cnbc.com/2021/02/10/lumber-prices-skyrocket-pushing-up-housing-costs.html

https://fortune.com/2021/03/31/lumber-prices-2021-chart-wood-production-high-why-is-lumber-so-expensive-right-now-home-prices-data-update/

https://pittsburgh.cbslocal.com/2021/03/30/lumber-prices-raising-price-of-new-homes/

https://www.wmbfnews.com/2021/03/29/cost-build-new-home-is-increasing-lumber-prices-skyrocket/

[cabmandone]

I don't know how guarded I should be about the pics I get from this guy. I don't know what the legality is of taking pics of a lumber storage area. But they do make me question just how much of a "shortage" there really is.

[gregpark]

yeah, well, that chit don't grow on trees ya know

[Baz]

I've been planning on extending my raised back concrete patio out about 5' further with wood decking. After reading this thread I'm high tailing it over to HD and pick up my lumber before it goes up any more!

[MBAtarga]

The land clearing for a development of 154 homes near us seems to have come to a standstill lately. I don't think they are in a rush to buy lumber to start building now.

[biosurfer1]

I've been planning a shed on my side yard for a while now...a needed fence replacement and then rebuild after a tree fell on the newly finished fence put the shed on the back burner for about 7 months.

I priced out the lumber for the shed last summer, $506. Did it again last week and I'm looking at $722 now. Not a deal killer for me but multiply that up to a house, or many houses and I can see why work is stopping.

[cabmandone]

Originally Posted by biosurfer1

I've been planning a shed on my side yard for a while now...a needed fence replacement and then rebuild after a tree fell on the newly finished fence put the shed on the back burner for about 7 months.

I priced out the lumber for the shed last summer, $506. Did it again last week and I'm looking at $722 now. Not a deal killer for me but multiply that up to a house, or many houses and I can see why work is stopping.

Look around the neighborhood for the one you like the design of... then go rent a big bobcat with some forks. $200 for rent on the bobcat is cheaper than $722 plus labor.

[masraum]

I've heard that it's a combination of issues, covid, some sort of beetle killing pine in Canada, and it seems like there was some issue in China, but maybe that was just Covid.

[badcar]

I am in mid plan to build a lake place- simple garage with loft/living space above. Having my tech designer switch from stick to post frame to save costs on lumber and time.....

[908/930]

Not only lumber, I needed some 8x8x16 concrete blocks, old price at HD was $2.39 new price $4.99 WTF.

[Jims5543]

Originally Posted by Jims5543

I am about to place a large order to restock my staking materials, it never dawned on my I am about to reach down to get the soap.

From what I was told the price increase is due to insane demand. In Florida, for example, we cannot sell houses fast enough, therefore we are building them as fast as we can which = huge lumber demands.

Just placed my lumber order, it normally costs me about $200 this time it was just north of $300 for the same order 4 months later.

This is junk pine I order used to stake construction sites.

I have been toying with trying out some reusable PVC Pipes to mark property corners on residential lot jobs. I may make some up and experiment with them and see how they hold up.

I really hate how wasteful it is to keep tossing down stakes over and over only to have them eaten by termites or run over by box blades. Maybe something more official looking will last longer and can be reused?

[masraum]

I've heard that lumber from mills and lumber yards can still be had at reasonable prices, although I can't confirm. I've heard that the main issue is construction pine and Chinese plywood.

[URY914]

Originally Posted by Jims5543

Just placed my lumber order, it normally costs me about $200 this time it was just north of $300 for the same order 4 months later.

This is junk pine I order used to stake construction sites.

I have been toying with trying out some reusable PVC Pipes to mark property corners on residential lot jobs. I may make some up and experiment with them and see how they hold up.

I really hate how wasteful it is to keep tossing down stakes over and over only to have them eaten by termites or run over by box blades. Maybe something more official looking will last longer and can be reused?

Just go around to other jobsites at night and collect their stakes. You know-recycle them.

[ckelly78z]

I have been building my new shop (inside my old barn) and had plans on using OSB board for the walls....one look at the $25+ a sheet OSB, and I loaded up 16 sheets of drywall at $6.32 a sheet.

Luckily I stick built our new greenhouse last year during the Covid shutdown last April...saved myself about $1500.

[pmax]

2 in. x 12 in. x 8 ft. Rough Redwood Lumber $45 at HD

[rfuerst911sc]

On Monday I purchased two 2x4x10 interior wall studs , total with tax was just under $28.00 . The first thing I thought of was I am glad I am not building a house .