10pc - 1"x8"x16' cypress boards are costing me $600.00
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Originally posted by Bayouboy View PostBeing on an East Tx timber lease right now is like playing Russian roulette.
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Lumber Prices
Originally posted by tdwinklr View Postat least McDonalds prices have dropped.
Wait until that new minimum wage goes into effect.
Sent from my iPhone using TapatalkLast edited by Deadfall65; 01-24-2021, 02:39 PM.
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Demand is high and add on Trump tariffs to Canadian lumber....tariffs have been reduced but not to zero.
"Commerce Department Cuts Lumber Tariffs from 20% to 9% | NAHB Now | The News Blog of the National Association of Home Builders" http://nahbnow.com/2020/12/commerce-...-from-20-to-9/
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Originally posted by texasdeerhunter View PostIt’s a combination of things. Long term interest rates are at historic lows (and have been low for a while). Which means that people can afford to build bigger houses, thus elevating the demand side. Then you have large corporations controlling the supply side, and they are setting the market price to take advantage of the demand side. And the consumer is caught in the middle taking it up the shorts.
Walk into any lumber yard, and their lumber prices are 30-50% higher than they were a year ago. Then, go find 20-50 landowners and ask them how much they are getting for their timber (saw logs). I guarantee you that you won’t find a raw timber supplier getting 20% more for his trees this year than he was last year. So a reasonable conclusion is that the saw mills and OSB/particle board plants are controlling the price and market. GP is basically a monopoly (in the south at least)
Originally posted by captainsling View PostIt’s not just lumber either. I have a friend that is an electrical supplier for Beazer and Perry homes. They are waiting on 250 electrical panels at the moment that are back ordered. He predicts the average 2200sq ft house will cost a builder $300,000 to build by the end of the year.
We are having a house built right now and I am so glad we decided to not go Cost Plus like so many people suggested. We’ve been under a Hard Cost contract with our builder since July. He showed me his invoice on just the lumber package and his cost was more than 35% higher than when he bid it. Lumber and windows are stupid crazy right now. He ordered our windows the first week of November and they aren’t even in production yet.
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Originally posted by Acameron52 View PostMan it sucks! I just broke ground on a new house. Luckily I’m building metal so the only lumber I need is for interior framing. But with the way it’s going I might be doing all my frame out in metal!
Metal is 30-40% and rumors of another big jump in a few months.
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PINE has been taking more and more market share. It is stretching further north than ever. The beetle -kill situation for the Canadian producers has limited their production. We have seen numerous Canadian producers build and buy mills in the south.
But it is supply and demand. Demand for multi-family has been strong and now low interest rates allow buyers to ignore the additional cost of material. Supply has been impacted by covid for sure. Also some mills had to spend capital so there were some upgrades Transportation cost are up as well. But I can assure you, mills want to make as much wood as absolutely possible at these prices.
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Originally posted by LFD2037 View PostMills shutting down from the virus is what I’ve been told.
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