Standard 2x4x8 framing lumber is $7.93 each
- Thread starter Agoodnap
- Start date
Yep. PVC Pipe and Sheet is now going on allocation mode. Prices will increase dramatically. HDPE resin is priced at time of shipment.
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Pine prices may never change with the way they cut it in the south. 30 year grow cycle. Here in the NW we have better quality fir and these logs haven't hardly changed. Plywood is something like $50 a sheet. Only species paying is cedar.
Even though a majority of builders prefer spruce for it's straightness and softness, southern yellow pine is clearly the future of lumber. 30 year harvest vs 60-90 year harvest rates.
Canadian timber giants Canfor, West Fraser and Interfor are buying up yellow pine mills and timber lands in the south if that tells you anything. Prett sure West Fraser now has more mills in the southern US than they do in Canada.
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If you have a homestead exemption the max tax increase they can apply is 10%, I'll hit that cap for the 6th consecutive year. There are rarely years where the appraised amount doesn't go up. Last year was one time it didn't, but since my taxable amount still hadn't caught up to the appraised amount I still saw a 10% tax increase and this year the appraisal too another massive leap forward. I really wish Texas would offset some of this property tax madness with an income tax but last year's election to require a supermajority to change the income tax terms in the state constitution made that almost impossible. People getting priced out of paid off homes is a problem that is going to grow exponentially without other tax revenue sources. My monthly tax bill is higher than my mortgage payment. The added kicker is that recapture policy which sends half of AISD school tax out to the rest of the state, it's ridiculous. All of this appreciation in value seems nice, but if you have no plans to move to a cheaper area it really doesn't accomplish much more than increases your tax liabilities.
Sales are completely bonkers in major metro areas all over the country, but Austin seems to be one of the worst in terms of price increases. Median sale price in my area of Austin is up ~40% Y/Y. I'm seeing examples of homes closing 100k-200k over list price that spent only 2-3 days on the market with many offers as you said. Out of market buyers and investors have more buy power and cash than locals, so locals are having a really tough time getting homes. Many of these homes are just going to end up as short term or long term rentals too, so the housing shortage isn't going to get better anytime soon. I don't think this is a bubble that will burst. I think it will plateau eventually, but is likely our new normal housing cost.
My biggest issue with adding a new tax, is I really believe the net would continue to be more anyway. Gives the bastards more levers to pull. Taxes don’t go down. They never do. What I really like is a flat tax with a high deduction ($50k) to protect the bottom end. One tax lever to pull. No hiding in the hundreds of taxes that we end up dealing with.
Yes, but how are politicians supposed to give their donors an advantage without selective tax incentives?
And much more is being torn up for scrap metal presently. Our CEO rode a train over the entire system and literally just pointed and told his underlings, "I want this scraped. I want this, that, and the other gone." No consulting the local people who use these tracks either. Gotta get scrap! Gotta improve the operating ratio.
A single sheet of 1/2” x 4’ x 8’ OSB has increased from $12 to $40 at my local Home Depot over the past 15 months. I only know because it’s prominently displayed at the end of the sheet-goods aisle and I’ve been watching the price gradually escalate
Is anyone on this board currently building a house? If so, I feel for you.
I had read somewhere that logging wasn’t the issue, but rather milling. A lot of lumber mills are in Canada and not being able to cross the border created a large kink in the supply chain. I’m having my basement finished and our contractor said our job is about $3-4 grand more just due to supplies. I also just built shelves in my garage and was shocked at how much a sheet of plywood/OSB costs.
I've heard many people say this. However, if you sell your place for a profit you still have to live someplace. It will cost you $$ to buy. I just bought a fixer upper in Rochester, MN. Hopefully that will give me a ROI. Can't decide if long term rental or short rental for patients or airbnb.
How many people particularly younger millennials have these investments to switch? They are buying these homes at sky high prices. Right now, everyone wants higher prices including grocery and I think Kimberly Clark said raising paper and toiletry prices soon. Fed denying there is inflation yet wages are going nowhere. I work in technology and these global wage arbitrage games are crippling people. I have not had a raise in last two years. We can bury our head and think it is normal but this is going to get ugly especially when 50% of this country doesn't have pot to p&ss in.
Never have to worry about termites !It will look fine once the supply chain sorts itself out especially as builders start moving toward metal studs.
Today a 2x4x8 25 gauge metal stud costs $6.88 at Lowes, minus 17.5% for a quantity discount, builder prices will be even better.
My next door neighbor and I share a garage that sustained a lot of wind damage to the roof. We decided to hire the guy across the street to fix it. He has "connections" to buy materials. He got corrugated sheets for the roof at $0.65 a pound and found a lumber mill that would cut 1" by 4" by 12 foot oak for $4 a piece. The closest any local lumber/hardware store could match was $8.79 for a piece of pine.
Does your guy with "connections" "paint houses" also? P.S. heard Roodie has cancer and is not doing well.....
I'm betting its limited capacity at the mill level. I worked in the hardwood end of things for 35 yrs, but I think that probably applies to the softwood end of things.
In the past year, there was very little incentive to expand mill operations. In my area, mills kept on producing lumber and the loggers kept busy enough to keep the lights on. Mills kept their timber inventory in check.
My area has a huge dependency on private landowners for their stumpage. What will probably happen is when the cheap supply of timber is exhausted, buying new stumpage will cost more dollars. Landowners generally don't have to sell timber into a down market. That starts to limit the supply from the stumpage end. As stumpage prices move up, log prices will move up.
The other factor may be that mills will increase capacity. New construction takes a while to get on line. Machinery has to be built and installed. Skilled labor is needed to run equipment and operations. When the capacity expands, then the log prices will also move up to meet the demand end.
Bottom line is there is no need to raise log prices if you can secure enough supply at current prices.
Lumber prices are very high. At least you can still get it.
Shingles and most Vinyl products, including windows, siding, electrical boxes, etc are scarce.
A Derecho came through here in Aug of 2020 and really there is still far too much work to do. Hundreds of storm chasers are still here and will be here for quite awhile. The problem now is getting any material in a timely manner.
The two houses I completed this past week I ordered material back in October of last year and just came ready in March.
Shingles and most Vinyl products, including windows, siding, electrical boxes, etc are scarce.
A Derecho came through here in Aug of 2020 and really there is still far too much work to do. Hundreds of storm chasers are still here and will be here for quite awhile. The problem now is getting any material in a timely manner.
The two houses I completed this past week I ordered material back in October of last year and just came ready in March.
Is Don at home or at a ;ocal hospital;? Are you in touch with him?Does your guy with "connections" "paint houses" also? P.S. heard Roodie has cancer and is not doing well.....
Do not know, will try to find out more info from a buddy who was his coworker in Pittsburgh Postal Inspector group. And he heard 3rd hand info from their ex-boss. I'll keep you posted as I find out more. Friend is golfing with ex-boss tomorrow and may receive an update which I'll pass on.
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Thanks, no one this way seems to know anything about it other then Greg who you told.
Lumber Is Ridiculously Expensive Right Now. Here’s Why—and What You Should Do. — Popular Mechanics
Demand is sky-high. Supply is worryingly low. What's the deal with our wood problem?
Hey, wait a minute, buster. That looks like CDX and your trying to pass it off as ACX! Scam alert! 🚨
Anyone have any idea what southern yellow pine cost before this latest pile of shit? I just replaced the beams on my side porch last spring. I bought 2x10x10 and 2x10x16. Seems prices are holding similar to what they were then. But I honestly don't remember what I paid exactly.
With the exception of 2x12, which are ridiculously high, prices on yellow pine are historically high but still 20-30% below the peak reached last August. Since January yellow pine prices are trading in the 850-1000m range but on a steep upward swing the last 3 weeks. Just guessing 2021 yellow pine prices will surpass 2020 highs in the next 4-6 weeks. Right now it's extremely difficult to source a truck of yellow pine from the mills because the treaters and truss plants are taking every single piece they can get. I tried to get some yellow pine trucks quoted and not one single mill would even quote it for me.
Spruce pricing on the other hand is 40-50% higher than peak price in 2020. 2x4 through 2x10 in spruce or even doug fir are costing roughly 30-45% more than yellow pine right now but the lack of availability from yellow pine mills all but forces us to us the higher priced spruce.
To answer you question, it all depends on timing last year. The yellow pine pricing last year screamed up for 16-18 weeks and then dropped like a rock for 8 weeks to hit a bottom in early Nov. and has been on a rebound ever since.
Thank you. I think it was around March or April last year that I did that project. I was hoping to build a new shed this year. But with lumber prices what they are now, I'm going to hold off.
My dad recommended that I use yellow pine instead of fir or spruce to replace my porch beams. It worked well and the boards I got were good quality. They were heavy though. Putting those 16 footers in place by myself was not fun.
