a 8' 2x4 is over 10 bucks now :o

[BoomerD]

Salaries don't keep up with inflation though that's the issue. I'm sure these prices will come down, but will they go back to what they were pre covid, that is the real question. I'm not making more money than I was making pre covid, or even 10 years ago. Inflation is a bad thing as it means our money does not go as far.

As a side note just made $80 selling the 3 ones I had. Maybe I need to start trading lumber instead of stocks. I have a lot of lumber in my basement lol.

You could always tear your house apart and sell it for parts...

 

[Captante]

You could always tear your house apart and sell it for parts...

I lol'ed but stealing copper pipes/wiring from houses has been a thing for a long time.

At these prices I wouldn't be surprised to hear about thieves stealing beams right out of ceilings or walls!

 

[lxskllr]

"Dude! WTF are you doing?! We came here in one truck, and we need to get in, and get out! Drop the fucking pipes, and grab some more 2x4s!"

 

[jmagg]

You could always tear your house apart and sell it for parts...

I'm seriously considering removing a few sheets of 3/4 in plywood from the inside walls of my garage in order to repair, and side a large shed. They can stick the Covid gouge wood where the sun dont shine.

 

[highland145]

"Dude! WTF are you doing?! We came here in one truck, and we need to get in, and get out! Drop the fucking cash, and grab some note 2x4s!"

fixed

 

[Greenman]

Try putting together a fixed bid on a $300k project. It's impossible. I'm actually in the position of having to tell my clients that I don't know how much their project is going to cost. My proposals are now based on "material prices as of xx/xx/2021".
I was just informed that the windows for my next project are going to take 15 weeks to produce and deliver. Used to be 4 to 6.
No fixed pricing, no reliable production schedule, no idea what's going to be out of stock and bring work to a halt.

 

[Red Squirrel]

You could always tear your house apart and sell it for parts...

I've joked about that lol.

My parent's shed is sinking in the ground so I lifted it last year, but it was still partially in the ground and wanted to lift it more this year. Me and my uncle did that the other day then realized the floor was so rotted that we can't lift it as there will be no support for the floor. It basically needs to be rebuilt and it's just easier to do it from scratch at this point. Told my parents they can just sell the whole shed for parts and probably make enough money to buy a premade one.

I still find it crazy how easy I sold those 3 beams last night. I posted it on FB, then kinda forgot about it for an hour, then happen to check FB and I had like 7 messages and several replies to the thread.

I almost feel like canceling my garage project and just sell the lumber I bought before Christmas....

 

[snoopy7548]

I just threw away a 6' long 2x4 because I didn't need it.

 

[Red Squirrel]

Still going up slowly!

https://www.homedepot.ca/product/2-inch-x-4-inch-x-8-ft-spf-dimensional-lumber/1000112108

$10.98 now. Have not really tracked every other dimension but I presume they are going up fairly linearly.

Some dimensions even have buy limits, which means people are actually buying it at these prices.

I will go in the bush and cut down trees and mill my own lumber before I pay those prices. I think it's ongoing construction projects where people have no choice to buy though, like houses in middle of being built. Code people require stamped lumber so you can't mill your own for projects like that.

 

[BoomerD]

 

[MrSquished]

Some serious shortages in the chemical supply chain as well and those prices are going up. My brother in law works as a manager for a major national company that buys lots of 'ingredients' to make products. They got a lot of stuff from Texas, but since they were all so incompetent down there and practically didn't winterize anything, they got hammered. He saw plenty of images from their suppliers in these big huge industrial production facilities. He said they weren't like little burst pipes, but just massive infrastructure completely demolished. A huge mess.

 

[dullard]

i was so preoccupied with getting 'the perfect house' for the right price that i missed an entire decade worth of deals

so freaking stupid, my life is just a collection of wasted opportunities

For so many people, "perfect" is the enemy of "good", therefore they take "bad" as the only option they are willing to consider.

 

[dullard]

Money doesn't grow on trees. Money grows IN trees.

 

[CZroe]

supply side

It’s not all supply side. After the March 25/26 tornado super outbreak across Alabama, Georgia, and beyond thousands and thousands of homes are being rebuilt or getting new roofs and other major repairs. It still looks like The Tunguska Event outside so it’s a shame so much of that potential lumber is going to waste.

I would not mind having a portable lumber mill at this point, could make good money. There's already people on local FB marketplace doing just that. Selling rough cut lumber.

...especially around here right now. So many people are just getting started with their reconstruction and there are literally millions of downed trees around.

 

[MrSquished]

yeahhh this is why my buddy decided to not add onto his house this year

and why i will probably keep renting for a few more years

i was so preoccupied with getting 'the perfect house' for the right price that i missed an entire decade worth of deals

so freaking stupid, my life is just a collection of wasted opportunities

well, live and learn. it's not stupid, it's just not knowing the realities of a market you were probably unfamiliar with. maybe you never found an agent that was willing to break it down for you - a good realtor after working with you for a bit should temper your expectations to fit the reality of the market, area and budget you are looking at.

buying real estate is about knowing what to compromise, unless your budget is unlimited.

 

[highland145]

Bro's metal supplier said that they can't keep up so they keep raising the price.

 

[brianmanahan]

It’s not all supply side. After the March 25/26 tornado super outbreak across Alabama, Georgia, and beyond thousands and thousands of homes are being rebuilt or getting new roofs and other major repairs. It still looks like The Tunguska Event outside so it’s a shame so much of that potential lumber is going to waste.

it's weird because nobody up here knows those tornadoes even happened

i've mentioned it to a few people and it's always the first time they've heard about it

maybe only hurricanes get publicity

 

[brianmanahan]

For so many people, "perfect" is the enemy of "good", therefore they take "bad" as the only option they are willing to consider.

my life in a nutshell

 

[CZroe]

it's weird because nobody up here knows those tornadoes even happened

i've mentioned it to a few people and it's always the first time they've heard about it

maybe only hurricanes get publicity

Yeah. I think a lot of that is because you can predict and anticipate hurricanes so they get thoroughly reported and tracked for days in advance. The major outbreak that got us had the only EF-4 on record this year in an area that isn't particularly prone to tornados so it's not as easy to dismiss as "another tornado in tornado alley. Why do folks keep building there?!"

I happened to take a direct hit from the strongest part since we are in the exact subdivision where they confirmed it was EF-4 but there are places miles away that look worse... even considering that I had neighbors with nothing left but a bare foundation. That particular one varied between a half-mile to a mile wide and had a 38.9 mile track... and that's just one. I saw where a lot of the smaller ones left comparable damage in other parts of the state and right across the border.

The weird thing is that there are people in the area who have no idea how bad it was just because they weren't allowed anywhere near it (barricades), it wasn't well reported nationally, and no one reads/watches the local news anymore.

 

[esquared]

Looks like lumber prices may be dropping

Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers

Prices have dropped from record highs spurred by the economic reopening, potentially pointing to an eventual return to normalcy.

www.wsj.com

"Lumber prices have experienced one of their biggest and quickest plunges in history— with the spot futures contract dropping more than $670, or 40%, in just 25 trading sessions. "

What lumber and gold prices tell us about the stock market's next move

Commodities have an effect on stocks but the one to watch is platinum.

www.marketwatch.com

Lumber Prices Falling Dramatically

New York, NY, June 15, 2021-"Lumber prices are falling back to earth,” reports the Wall Street Journal.

www.floordaily.net

 

[Red Squirrel]

Of course we won't see these changes in the stores any time soon. Just like gas prices when oil drops.

 

[Red Squirrel]

Down to $8.98 now which is still very high, and they're out of stock! People are dumb for buying at these highly inflated prices, it will just encourage stores to keep them higher for longer or perhaps never even bring them down to normal. I'm not buying anything until I see the price go down to below $3.75. That's what I paid before Christmas, and I think even that price was higher than it should be. I never paid attention pre covid what the prices were but I do know it went up higher summer 2020 too, just not as bad as this summer.

 

[BoomerD]

Down to $8.98 now which is still very high, and they're out of stock! People are dumb for buying at these highly inflated prices, it will just encourage stores to keep them higher for longer or perhaps never even bring them down to normal. I'm not buying anything until I see the price go down to below $3.75. That's what I paid before Christmas, and I think even that price was higher than it should be. I never paid attention pre covid what the prices were but I do know it went up higher summer 2020 too, just not as bad as this summer.

just a plain 2x4x8 douglas fir is almost $8 here...in a town that calls itself the lumber capital of the world.

Welcome to Aberdeen - the Lumber Capital of the World - GraysHarborTalk

FacebookTweet It is said that lumber makes the world go round; and looking at the history of Aberdeen, it is hard to disagree. Here on the eastern edge of Grays Harbor, our small town holds lumber records that may never be broken. We built the state and influenced trade up and down the west...

www.graysharbortalk.com

 

[Red Squirrel]

Yeah pretty crazy. You'd think of all places you would get some kind of discount lol.

But if it's anything like here the lumber probably gets shipped out of the country first only to come back. We have at least one saw mill here. You'd think they would just ship straight to all the lumber yards, but nope, it goes to the states, and then we buy it back. The stupidity of trade logistics.

 

[NuclearNed]

I paid ~$50 for a 8'x6"x6" treated beam a week ago. Landscape timbers (which are basically made from garbage wood) cost me ~$5.50 apiece... which is actually half of what I expected. All in all, my yard project came in at half the cost I told Mrs. Ned it would be... so win!