Building boom......lumber shortages......yet timber prices way down? That just doesnt seem right to me?
Menards was always my go to lumber yard when we lived up near Chicago. Since we moved to Tenn. 5 years ago i found the lumber prices were always higher here. Wanting to replace our old deck and got a surprise on the costs !! I was going to go up to KY at the closest Menards but they don't even have a good supply of any PT lumber. 6x6 8' here at Lowes,HD is $32....Menards was $20 but now they are $32 also. Most of our construction lumber comes from Canada here on the east coast. The trees here are cut for pulp wood to make plywood,osb, and engineered lumber. Knoxville is in a building boom ! Plus the housing market here is booming also, many houses are sold before even being listed. The mass migration from the north to the south is booming !!
We sold our house, shop and 20 acres without a listing. Didn't even contact anybody. Word of mouth in a rural community spread the word that we were building and people started knocking on our door and calling. Showed 3 couples the property and sold it to the third. They paid us in full before possession date. Above appraised value. An appraisal that we purchased before we started talking to buyers. No one ever asked us if we had it appraised or how much it was. The buyer was a young couple that financed 50% of the price. Lender did a walk thru, no appraisal. In the house 10 minutes only question asked was "where is the water heater". Never looked at it.
In our World you don't want to list your property unless you don't mind being out on the street.
Summya'll been saying you can't even find PT boards. Big Box stores show they have it, but $16 for a 4 x 4 x 8 post? I bought 4 x 4 x 16s in January for $17.79 that are currently listed for $31.98
4' x 9' OSB that I paid $11 for in May is now showing at $20.25
Somebody's rakin' it in somewhere along the line. Aren't there price gouging laws?