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.
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.
I recently sold timber for an amazing price. Lumber mills are craving timber.
“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.”
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.
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.
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.
We’d rather watch our forests burn than farm them. And what chems are released during burning?
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.
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.
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.
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Trudeau? wacko environmentalists? unions?
OSB is up almost 500% since covid.
Canada was hit with the Lumber Perfect Storm. Supply and production is going to move back to the US as Trump had wanted all along.
https://www.sbcmag.info/news/2019/nov/why-lumber-supply-shifting-canada-us-south
Weyerhaeuser corporation (WY) owns outright over 10 million acres of US timberland. They have 99yr leases on another 14+ million acres in Canada.
All they do is grow logs, then covert them to lumber in their own saw mills.
I can’t imagine a better stock purchase.
Rumor has it that the gold in Fort Knox is gone and replaced by lumber cause lumber is more valuable.