Y'all Been Checkin' Lumber Prices?

[nomadicgreg]

Man I’m glad I took on my garage / addition last summer. Prices were double then, adding about $8k to my total bill, but there’s no way I would be building if I waited until this year, as now lumber has doubled again since then, and now copper and drywall prices are thru the roof too.

7/16 zip sheathing I paid $31.84 and 5/8 zip $37.25. It’s now $59.55 and $80.77 respectively.

 

[goeduck]

I haven't have any real projects lately dealing with lumber but I did need to buy some common boards yesterday for shelving. 1x10x10' and 1x12x8' were around $22 each at Lowes. Not as bad as I feared.

 

[cqaigy2]

I had to put a new structure on hold, the prices had risen so high. Hoping they'll start to drop a bit as people get to work.

 

[Snobdds]

And our government still says there's no inflation going on. I'd be hard pressed to name a product that hasn't gone up in the last 6 months.

Inflation is not the only metric to consider when looking at how prices increase. Increasing the money supply will devalue the buying power of money and cause prices to rise because the money is not worth as much anymore. This is what is happening now, the Fed has increased the money supply by 20% since 2020 started. Think about that, 20% increase in one year. That is how we have 2% inflation according to the Fed, be we all feel and see the rapid increase in price everyday.

This is a dangerous game and I hope the Fed can manage this. Other countries that have done this have seen hyperinflation that eventually leads to stagflation. Stagflation has a very high correlation to depression type economies.

 

[/pine]

Heck...the only thing that has staved off inflation from the hangover and all the dollar printing between 2009 and 2017...is the last 4(-1) years...an exception to last year because of the extenuating circumstances of the (continuing) COVID pandemic...

The root of inflation is printing more money than there is value...8 years of non stop printing was bound to catch up...the COVID virus was the catalyst...

However the primary thing that has the most effect on the price of mostly everything is the commodities markets...and those that take advantage of opportunities that allow them to take money out of the hands of the consumer...

 

[MoKelly]

I for one would look favorable on some inflation as interest rates also increase. I can’t image those on fixed incomes who rely on interest payments to make ends meet.

For too many years interest rates have been basically zero.

MoKelly

 

[lennyzx11]

 

[MossRoad]

Now that's funny.

 

[goeduck]

They will be selling lumber by the gram shortly

 

[cqaigy2]

They will be selling lumber by the gram shortly

Probably just make a 2x4 smaller.. oh wait.