The rest is behind a paywall.
My crypto currency has been more stable than lumber.
un-paywalled, https://archive.is/uxdov
The people that made a killing driving up the prices are now making a killing selling short. Same old story, same old song, and dance my friend.
After Katrina, Southern Yellow Pine plywood was selling for a song. I got a lot of projects done with that.
I live in a brand new neighborhood, moved in a brand new house we finished building in March. Now, people going under contract here have an open ended contract and won’t know the actual price of their home until the drywall is up. My old neighborhood, the builder added $15,000 to the price of each home to be built in the neighborhood.
It is insane.
Lowrs aint going to take a loss buy selling the on hand stock at the lower prices. Retail prices will stay high until they sell the old stock.
So, it was just a back log somewhere in the system.
That means anybody who just spent $15,000 on a deck has lost about $12,000.
Anybody here?
And, the same goes for the recent insane escalation in home prices. This too will soon come crashing down.
Sure glad I waited to build a new fence. And if I have to wait another year for prices to normalize, so be it!☺
Looks like Home Depot will do a lot of business this summer after all.
There was another article that said it could take up to 30 months for the market to normalize.
The local Home Depot and Lowes prices have not budged yet. When one does, the other will have to. Also there are local lumber yards.
There was one guy on Craigslist advertising he has 50 sheets of OSB and he was willing to trade them for a new F150. He added he knew what he had. He’ll have to sweeten the pot now.
Karate schools can now breathe a sigh of relief.
The rest is behind a paywall.
You mean Tobin's Q and the Efficient Frontier etc are behind a paywall?
More good news I hope the hoarders gag on what they’ve got
Well, if they can’t get top dollar for hoarded lumber, they can always make it into toilet paper.
7/16 OSB at Lowes is still $52.00 a sheet. It has not come down at all.
Thank God because we have to buy 28 OSB squares to put the new roof on Mom’s house. Mr. GG2 is out tracking them down this morning.