Posted on 06/24/2021 4:43:24 PM PDT by blam
Lumber may be predicting a recession.
One sheet 4 x 8 x 7/16 OSB at my Home Depot at $54.35 this afternoon.
Yeah this still needs to make its way to the current building supplies for sale.
I have been watching 2 x 4 at Home Depot and Lowes. Not any movement in studs.
Waiting for ammo to do the same.
Yup... Has not gone down one dime at Lowes either.
“Lumber may be predicting a recession.”
From overheated we’re all gonna die inflation to recession predictions in 3 weeks.
We’ve had tremendous disruption of our supply chain because of COVID. This is an example of the transitory nature of those distortions, everybody has been screaming about the price of lumber as if it would go up forever and never come down. It’s coming down and it has a ways to go, there is still a shortage of lumber at this time.
Supply and Demand, the relationship no one thinks about anymore. Lumber supply is starting to catch up with demand. This is going to happen in many markets.
The huge one that is fuzzy is energy because OPEC and Biden together (which they are) are huge players and while Biden and OPEC want to rig the market for high prices, some of the OPEC countries can’t help themselves and will probably start cheating soon. How much they cheat and for how long is important to the price action. But let’s remember that oil stayed between 80-$115 a barrel for four years not very long ago. Also think about the fact most oil companies are profitable at $55. We are at about $73, so they are quite happy.
“Lumber may be predicting a recession.”
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Lumber prices are showing that free enterprise, the market and supply & demand still work in the allocation or resources.
The rise in demand is continual and the rate of rise is increasing. It is harder for manufacturers to increase production than for sawmills. The government also buys up a lot that the government doesn’t need, at least for legitimate uses. Availability of the ammo I buy has been increasing a bit and prices of 8mm Mauser are about what they were 10 years ago. Not cheap.
Not true ... I'm moving around all of the time ...
at that price it is still double pre covid prices.
If you can find some 8mm Romanian spam cans from the ‘70’s, it’s good ammo. Corrosive,though.
They got to sell out of all the high priced crap they have on hand. I hope they choke on it.
Only half again that distance to go!
Call it good while it lasted to all the price gougers.
Lumber lumbers along
Yeah. As soon as the real estate market takes a dump.
Do you sell things for less than they are worth?
Never. This isn’t even in the same league as market pricing.
There is price gouging and this is it.
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