Posted on 01/17/2025 9:09:42 AM PST by BenLurkin
The Palisades, Eaton and Hurst wildfires in Southern California have destroyed more than 12,000 structures, raising the likelihood of a spike in demand for lumber in the months and years ahead.
The rebuilding process after events such as these “typically drives a significant demand for building materials, particularly lumber, given its foundational role in construction,” said Michael Goodman, director of finance and general counsel at building-materials wholesaler Sherwood Lumber.
Demand for construction materials will “undoubtedly rise,” but the pace will depend on the “timeline for insurance assessments, debris removal, permitting and rebuilding efforts,” Goodman said. Historically, it can take several months for the full impact to hit the market, he said.
(Excerpt) Read more at marketwatch.com ...
Oops, forgot the most important part:
“Replacing 12,000 structures would require an estimated 10,000 to 20,000 truckloads of lumber, Goodman said. A 48-foot flatbed truck can haul 45,500 to 52,000 pounds of lumber, according to Union Pacific. The number of pounds per 1,000 board feet varies by tree species, but the Global Trade Network has figures ranging from 2,250 to 5,350 pounds per 1,000 board feet of freshly cut lumber.”
The only things standing in the burned-out rubble are the brick fireplaces.
The old demcrap slogan;
build BACK better.
How much can an EV truck carry?
It would probably take 5 years of inspections just to clear the debris.
And given CA's environmental lunacy, how long before the dumps receiving debris are full or sued for alleged environmental violations and forced to stop receiving deliveries?
Nancy Pelosi increases her stake in Weyerhauser
And that demand increases prices which affects us all.
Nancy ETF:
Unusual Whales Subversive Dem Trd ETF NANC
https://www.morningstar.com/etfs/bats/nanc/quote
I think we are going to see a lot of deals made between mortgage holding banks and homeowners. We saw those kinds of deals during the 84-90 and 2008-2014 housing depressions.
If you live in an area that has a GEOLOGIC RECORD of being arrid and a fire danger...
... maybe you should build your house out of SOMETHING THAT DOESN’T BURN EASILY.
Just sayin...
Pretty sure 12,000+ won’t be replaced.
Three little pigs learned that bricks are they correct building material. Not sticks.
Thanks for posting this, but this guys numbers are a bit off. More importantly, while this will create a ripple in the market. It’s just a drop in the production bucket.
My biggest supplier produces 17 Million BF A DAY!! or around 950 trucks of green doug fir per day. While their production covers many species and grades, by far the bulk of of it goes to housing. This is just one, albeit, very large western producer.
Lastly, with all the BS building codes and rules here in California, I guess it will take 6 plus years to fill 75% of those empty lots.
In my opinion? I think it will be a long time before the burned homes are replaced. Slow process.
Many may just decide it is time to build elsewhere (outside of CA madness). The paper work for new home in a metro area is incredible.
Many of those in the Palisades have owned the homes a long time. They might be safer in less populated area. It seems that CA in general is getting more and more dangerous to live in.
Bump
“it will take 6 plus years to fill 75% of those empty lots.”
By that time they may get hit with a major earthquake—and have to start all over again...
Bump
The trees!! OMG!!!!!
Get Gore on the phone.
Looks like an uptick in orders from Canaduh...
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