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Lumber mania: How supply constraints in B.C. are colliding with insatiable demand in the U.S. to push lumber prices through the roof
The Globe & Mail ^ | May 14, 2021 | Brent Jang

Posted on 05/15/2021 6:14:48 AM PDT by rickmichaels

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1 posted on 05/15/2021 6:14:48 AM PDT by rickmichaels
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To: rickmichaels

I left Lowes with 10 2x12’s the other day and a guy walked by and said, “I hope you’re packing. Yer gonna need it.” ;)

Oddly, their price that day for 10 and 12 footers was the same. I only needed 10 and 8 footers, but I also need some four foot lengths. The 12’s actually cost less per foot than the 8’s. Probably should have bought a lot more.


2 posted on 05/15/2021 6:24:31 AM PDT by cuban leaf (We killed our economy and damaged our culture. In 2021 we will pine for the salad days of 2020.)
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To: rickmichaels

The article is a lie. It’s being withheld in a few places to artificially drive up prices, this I’ve seen.

Canfor has closed 6 mills though, which may not open again due to regulations and environmentalists and a few smaller details.

There is an orchestrated attack on everything, not just lumber either. Vehicles, real estate, and other commodities are also prey to this agenda.

I think we’ll see a global government rollout of some kind in the very near future. At the very least there will be a strong attempt. All in the name of global safety and for the economic benefit of all. First they need to put a real hurt on people that haven’t been hurt enough yet by the scaredemic.


3 posted on 05/15/2021 6:25:22 AM PDT by Bulwyf
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To: rickmichaels

I recently sold timber for an amazing price. Lumber mills are craving timber.


4 posted on 05/15/2021 6:25:26 AM PDT by bk1000 (Banned from Breitbart)
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To: rickmichaels

“The combination of the beetles and wildfires have translated into a sharp drop in the amount of timber available annually for harvest, said Susan Yurkovich, CEO of the BC Council of Forest Industries.”


This is not about a wood shortage. They have all the wood they need. It’s stacked up and backed up, waiting for mills to catch up. The bottleneck is the mills, working at partial capacity because of the virus.

i.e. you directly blame the political response to the virus for this. Another of many costs of the lockdowns.

I was going to sell off the lumber on my property, this is how I found out about this.


5 posted on 05/15/2021 6:28:53 AM PDT by cuban leaf (We killed our economy and damaged our culture. In 2021 we will pine for the salad days of 2020.)
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To: Bulwyf

I honestly believe this is a leftist full court press. i.e. I agree. And they know their “time is short.”


6 posted on 05/15/2021 6:29:57 AM PDT by cuban leaf (We killed our economy and damaged our culture. In 2021 we will pine for the salad days of 2020.)
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To: cuban leaf

It’s also why they’re pushing so hard with vaccines. Their window is closing fast on the gullible, and they know it. However they use that to further their agenda is still up in the air, but if one pays attention to whistle blowers in the know, it’s nothing good, and at worst it’s population control.


7 posted on 05/15/2021 6:32:28 AM PDT by Bulwyf
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To: cuban leaf

For my job, I do a lot of employee training at lumberyards and home centers for the building material manufacturer who employs me.

A couple weeks ago, I was doing some product demo’s at a lumberyard. One of my demonstrations utilizes two pieces of 2X4 glued together.

I forgot to cut extra’s so I used a torch to burn the old adhesive off.

It made a perfect joke when I was using scorched 2X4 pieces. “Even I can’t afford lumber.”


8 posted on 05/15/2021 6:36:27 AM PDT by cyclotic (Live your life in such a way that they hate you as much as they hated Rush Limbaugh)
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To: cyclotic

:D


9 posted on 05/15/2021 6:38:28 AM PDT by cuban leaf (We killed our economy and damaged our culture. In 2021 we will pine for the salad days of 2020.)
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To: rickmichaels

Beetles and wildfires are to blame, uh? From someone named David Rifle who posted this YouTube comment last week:

I’ve seen a lot of people freaking out over the cost of lumber. As a 12 year saw mill worker let me tell you what’s really going on. The mills are not getting the logs to produce at a rate necessary. Not because of trucking of lack of loggers wanting to work. It’s not because of a economic reason as I have heard many economists saying. It’s all due to a fact that environmental groups have held the industry hostage through court litigation. As soon as we get loggers in to harvest a cut, environmental groups run and slap a stop work order. Within a week the loggers are forced to pull out equipment by the courts. Our mill was forced to close down last June because we couldn’t keep enough wood coming in to run. We had 7 million board feet bought that was held up in litigation. Two million already cut and stacked, but unable to be touched. The way the laws are written for environmental suits it’s a guaranteed win for them. We also watched six of these cuts go up in flames about two weeks after the law suits were filed. This is a created situation as it is now affecting the market to this degree. Just a year ago lumber was running about $400 a thousand board feet. Today the price is at $1086 a thousand board feet. It’s a socialist strategy introduced by men to break the industry, don’t let them try telling you otherwise.


10 posted on 05/15/2021 6:40:54 AM PDT by neefer (Because you can't starve us out and you can't make us run.)
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To: rickmichaels

1. I do not believe there is a shortage at all. How can there be a shortage when there is lumber to buy, lumber stacked in retail yards, lumber on trucks moving to market and lumber on trains going the same place?

2. Why is anyone buying lumber or any other building materials now at these prices? Is it that vital that anyone build anything at these prices?

3. This is price gouging. Plain and simple and I won’t play. I blame the consumer for participating in this madness as much as I do the suppliers.

4. Lack of timber? Did it all suddenly get sick of covid and die or something? I don’t believe in coincidence, never have. This is opportunism.

5. I hope I live to see some people choke on their inventory and their over priced houses too. this is insane.


11 posted on 05/15/2021 6:42:10 AM PDT by Sequoyah101 (Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
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To: cuban leaf
Oddly, their price that day for 10 and 12 footers was the same.

Locally, as of this morning, 1/2 4x8 plywood cost me $50.40 + tax at Lowes. Last August they were $27 and change. Fortunately, we got 90% of the lumber we needed for our project last August.

12 posted on 05/15/2021 6:43:33 AM PDT by Turbo Pig ('to close with and destroy the enemy")
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To: Bulwyf
Perhaps the constraint is based on sound business management and not necessarily on government regulation.

There was an article posted a few weeks ago here about the lumber industry. One of the key points it made was that the entire industry was hammered badly in the 2008 meltdown and has never really recovered. It said the industry’s production capacity is still lower today than it was in 2007 — almost 15 years ago.

13 posted on 05/15/2021 6:53:36 AM PDT by Alberta's Child ("And once in a night I dreamed you were there; I canceled my flight from going nowhere.")
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To: rickmichaels

We’d rather watch our forests burn than farm them. And what chems are released during burning?


14 posted on 05/15/2021 6:54:56 AM PDT by Sacajaweau
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To: Alberta's Child

There are no such things as coincidences. One thing I learned in the army.

There is nothing innocent about any of this.


15 posted on 05/15/2021 6:59:06 AM PDT by Bulwyf
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To: Sequoyah101

My son works for a national building materials company. The shortages are real. Drywall mud was hard to find, as the resin used to produce it was not being made. The plant in Texas was damaged in the freeze. Our deck ended up using Trex as it was cheaper. The huge houses here in KY are using up a lot of products.


16 posted on 05/15/2021 7:14:25 AM PDT by KYGrandma
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To: rickmichaels

On vacation. Drove across parts of western Oregon. It is not possible to describe the miles and miles of burned timber. At least an hour in the car driving through burned forest. After the fires of last summer there is a lot being recovered, that is as much as possible, but most of it is lost. True to form the Dems blame global warming. They hate people and anything that brings comfort.


17 posted on 05/15/2021 7:18:06 AM PDT by Dennis M.
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To: rickmichaels

Lumber men are probably waiting till Biden’s inflation takes hold. Why sell lumber for last year’s prices when you can get a lot more for it in the next few months!

Even though the dollars will be worth less than last year they will still pay off lots of last year’s bills with cheaper dollars.

A Confederate dollar is now worth far more than a US dollar bill.


18 posted on 05/15/2021 7:19:12 AM PDT by Ruy Dias de Bivar ((Democrats have declared us to be THE OBSOLETE MAN in the Twilight Zone.))
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To: cuban leaf

Some of the lumbers we are seeing are up over 40%.

The problem is that people tend to focus on just aspect of the situation, and ignore other critical components. As it relates to lumber, the trucking industry is slammed right now. Too much product to move and not nearly enough drivers to move it.

There are also challenges in the ports which is causing delays in imported products, including wood.

The real concern is that when these bubbles burst, and there seems to be several, the cascading effect will make 2008 look like a high school audition Far too many people in leadership roles in companies are just cashing in right now on the easy money; and won’t have a clue what to do when it dramatically slows down, let alone stops. High volumes has a tendency to make businesses complacent since no one ever wants to think about the negatives, and volume can hide a lot of problems.


19 posted on 05/15/2021 7:24:22 AM PDT by voicereason (The RNC is like the "one-night stand" you wish you could forget.)
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To: rickmichaels

But a shortage of logs to process means that B.C. producers haven’t been able to lead the way to restore stability in the market.


Trudeau? wacko environmentalists? unions?


20 posted on 05/15/2021 7:25:02 AM PDT by PIF (They came for me and mine ... now its your turn)
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