@@42bigtim 2x4x8 at HD store yesterday at mid-$5.s retail. I was in a different store today, didn't have time to look there. Agree with others about the new normal, unfortunately, but that sounds like a price I can at least live with and quote around with a straight face-- comparatively speaking.
And you know the guys in the woods aren’t seeing a penny of the increases they now are selling lumber at. Kind of like farming, the ones that actually do the real work make nothing and everyone else makes out well.
I remember about 4 years ago when HD had 4x8x 3/4 birch for 29$ a sheet. Never again ill let that pass. I didnt need it then but I needed it now. Lesson learn, buy for your future renovations.
@@scottcoleman7304 7/16 was $14/sheet at big box hardware stores right before Covid came. If you were a large home builder and ordered direct from a lumber yard or supplier, you were paying under $10/sheet.
BINGO ........ Folks NEED to SLOW the DEMAND for Building Products, PERIOD !!! It is the ONLY way Prices WILL FALL OFF FASTER ...... Anything less is just a FANTASY !!!
@@ricks.1318 precisely. I've already told my wife it's probably gonna be at least 2 years before the price has come down to before the price has come down to prepandemic, which is when we will be building. They're gonna fluctuate so much over the next year and a 1/2 because people are going to start buying when there's slight price drops like this, and that's gonna drive the price back up, and it's gonna be a vicious cycle.
It's pure capitalism, same as gas prices. If the price of a raw good goes up due to scarcity (or collusion/manipulation/whatever - the source of the widespread price increase doesn't matter) then everyone has to raise prices immediately or they sell at a loss - rapid upward price pressure. On the other hand once the raw material cost goes down there is no immediate pressure to sell at the new lower raw good cost. The only reason the consumer price eventually goes down is because store 1 is trying to increase their sales and thus will lower their price. Store 2 then has pressure to undercut to maximize their sales. These are much slower effects that takes days/weeks, and slowly this back-and-forth of competition makes the end-consumer price float down until neither store is willing to cut their profit margins any further. If during this process things get scarce again, then there will be another rapid rise followed by another slow fall back to the wholesale price.
@@williamseale4009 Exactly. I suspect it could take at least 6 months to a year of relatively low lumber futures until the retail prices get back even in the ballpark of what we used to see. I wouldn't be surprised if we never see sub $3.50 2x4s.
@@alexjones7845 retail prices are still high because they still have a lot of the high priced stuff leftover. If they're not down in about 2 weeks then I'd be concerned.
Futures dropping doesn't say much (if anything) about *today's* prices Gotta wait for the lag in the "futures" becoming "now" ... which is anywhere from 4-6 weeks (sometimes longer, in lower-demand/-traffic areas)
The lumber commodity price you see are future contracts, typically 3 months out. In about 3 months you can expect actual prices to be down 60% from the peak.
Shut down the lumber mills, glue makers etc, send people home to "quarantine" but leave hardware stores open. Yea it was the perfect storm. Supply shut down, and demand shot way up do to increased demand of people stuck at home wanting to do home projects. Housing prices spiking didn't help either.
They have lumber stacked as high as a forklift could reach. I know one of them.....there was no lumber shortage. It the destruction of the middle class. Nothing else. Something must be done before its too late. If it isn't already.... PRAY
Last fall I paid $14.63 a sheet for 40 sheets of 4x8x3/4 plywood sheathing it is $67 a sheet now. I have a 140 year old barn I am restoring and have stopped this entire year.
@@gregj2647 Maybe not, but 4.00 is more than a healthy price for profit margin on the lumber yard's end. This is not a viable price point to get excited about...not even close!
Exactly! They know people will be excited to be saving a dollar per 2x4, but it doesn't cost the mill one penny more than it did a year ago, so who's happier? 🤔
It's still way high than it was a year ago, this is how they do it, they jack up the prices and then drop them to a still higher price but everyone takes a sigh of relief.
Bingo. This happened in the 70s also. Inflation spikes everything higher,then eventually the prices settle but still higher than previously. This is how the government and banks and corporations introduce inflation in America.
You're not kidding. At a rail yard near me, there have been two whole trains full of 4x8 sheets parked, hasn't moved one inch in 3 weeks. If the shortage were real, they damn sure wouldn't leave high demand product sitting idle like that.
Death Mond Of course its a supply and demand problem. But judging from these comments, there won't be a demand issue because no one is going to buy for the moment. Then there'll be a supply issue and sales all over the place. But "greedy" is soooo right!!
Actually a big part of all the insane prices is companies being greedy trying to both make up for a bad 2020 but more so trying to make money before the market falls apart and everyone goes bankrupt. The manufacturers want to increase margins, the suppliers fear of unstable market means they hold less supply and creates a “shortage”, and we the lowly consumers just take it and get screwed over.
Bottom line. The cost of living has never gone with our pay. Cars and trucks are the price a house used to be. Meanwhile you pay only increased 1 or 2 dollars. The greed in this country is sickening!
Of course, most people on Earth haven't seen those benefits. They work long hours. Many are in poverty. The fault there is not with the technology, but with a system that drains wealth from the majority for the benefit of a tiny elite...
When comparing prices from the old days, be sure to run them through the CPI calculator. As an example, I have a 20" box fan that was bought in 1980 for $ 19.95 this is 65.54 in 2021 money ( the price tag is still on the box ) A fan of the same spec in 2021 is $ 18 to 20 . In the old days, many manufactured goods were not cheaper in terms of actual $. As for cars, they last much longer than cars even from the 70's. In 1970 how many cars would you see on a used car lot that had 100,000 miles that still had 100,000 ahead of them? Cost per mile matters not purchase price. Think about how much less stuff people had in the 50's compared to today then decide of things are so bad today.
2x4x8 at the big box stores were $10 tax included less than a week ago. The norm was $4 at the high end. Many contractors just shut down wood projects and it's showing in big box store inventory. Wood stacked hi and not moving.
It's like gas prices they put it way up and every one is upset, than they put it down a bit. Every one is like that's better, but it never goes to what it was. We still get screwed but slower.
Food too, I remember this shit back in like 2015…. Member saying everything in store is 4. Now it’s even more ….meijers has big packs of toilet paper for as high as 29.99 (24 pk). Wow..brawny 6 pk paper towels were 5.99 before pandemic, now same package is 8.99.
For years I picked incredible material from the wood pile at our landfill. Full 1940's mantles, rosewood from furniture, super wide pine boards, old growth fir (rafters, joist) etc.
Me too, it’s crazy what people throw away !!! I’m collecting for a “free” garden shed. But there is a smart a$$ at the dump that likes to run you off, he will come with the dozer and go right beside you and push up what your picking 🤬
1.00 a stick is going in the right direction especially for those that have to buy material for their job but like the other commenters I'm not paying those prices either.
I purposely bought 50 extra sheets of 5/16 osb when I built a rather small tool shed not a shop bc to small to work out of really. With intentions to build a couple more smaller buildings and a work area next to the tool shed. Got behind projects get pushed back so I found myself with 50 sheets I bought at grand price of I think 6 something a sheet pre covid and pre pre covid price hike. And it hot from like 6.65 I think 🤔to 48 ish a sheet. So I'm just treating them like some stock I have. I sold all 50 at 45 bucks each few dollars lower than the peak prices no tax either so at time save this guy a decent bit of cash . Banking like 10 or 15 bucks over 1900 on 300ish of products I had sitting in storage. This is what I been waiting on. Finally going back down again it won't get back to 6 a sheet but that project wood profit gets me close to 6 times the value if I wait til it's fair close to acceptable prices bigger useable larger shop shop now. So I can actually start a small business in wood working industry 🙃 that tool shed will be a tool closet in a addition built on to it and I can actually use all the larger cramped tools in it easier than having to unload them out set up make sure if I have to take 2 days it won't rain and then cover them up extra then clean them break them down or whatever and put them back into a stuffed to the ceiling 10x10x10 cubed tool shed space .
Smiling! Sold my house in Kansas City, had to remove my 60 foot ham radio tower I put up 40 years ago, know what you mean about leg work after 4 hours in 95 degree heat. I hit the wall and had to come down or would have been on the news being rescued. Smile! 70 year old man thinks he 40 and had to rescued off 60 foot tower, not a story I wanted to watch ... Thank you Lord for getting me down safely.
Glad you got down safely from your hot tower work, Ed. Say, I love Harrison, AR. I was invited to speak to some educators at the high school a few years back and really enjoyed the gorgeous ride up there. Also, a couple of your "neighbors" are in my contest club (Deep Dixie Contest Club)--John McBee K5RM in Harrison and Kenny Mills, N5EE, in Gravette. Good luck on your tower work. Also, I enjoyed your QRZ.com page. 73 de Larry NN5O (Tupelo, MS - birthplace of Elvis!)
We were in Amish country here in northeast Ohio and was told that all the mills in the area (there are many Amish mills in Ohio) have been stacked full of lumber the whole time but none of the "processing factories were buying...because none of the big stores were buying".
Thanks for showing the ladder hoist in action. Wow...what a saving in time and work. That was a great investment. Very impressed. Thank you for sharing. 😊👍
Meanwhile baby back ribs and chicken wings have doubled in price the last 3 weeks. Can live without lumber but have to have food. I think they have figured out what people can't put off.
Like a hot biscuit? Until they return to last year's price, and perhaps 2% higher adjusted for inflation, then we can say they dropped like a hot biscuit. This was a coordinated effort by the lumber industry and blaming it on Covid. If that was the case, everything should have tripled in price.
The two lumber mills around Molalla, Oregon are full of dimensional lumber and their Log yards are full. Non stop Log trucks and flat beds full of logs and lumber. I do not under stand where the shortage/price increases come from.
THERE IS NO SHORTAGE LOWES AND HOME DEPOT HERE IN MY TOWN THAVE ALL KINDS OF LUMBER AND PLYWOOD STACKED SLL AROUND OUTSIDE THEIR BUILDING AND STACKED TO THE CELING INSIDE. NOBODY BUT FOOLS BUYING IT. LET IT ROT
Haven't dropped enough, I need 80 sheets of 4 X 8 0SB ROOF SHEATHING, THEN THE RUBBER AND GLUE NAILS ETC... Praying the price goes a lot lower before the rains hit here in San Diego, so I can do my whole mobile home roof.
no, it's not. None of you will wait long enough, and all of the people that have been waiting to build and holding off projects will start to do those projects and and all the prices will skyrocket again. Mark 👏my 👏word👏
EVERYONE is "waiting" on their project, which means there's tons of demand, which means the prices will not come down much. If the expensive plywood is being bought quick, does that really mean the price is too high? Seems like proper supply/demand, which people don't like to hear.
So many comments about ..."I will wait"..."I won't pay those prices"... My Observation - When it's your business you have to buy like Ken. It is his livelihood. Thank you Ken for the price report.
Clever your ladder lift idea. I always enjoyed being the person who would walk the wall and have the joists handed up to me. You got to feel like you were working but all the real work was done for you. On a nice day you enjoyed the breeze and thought about lunch.
They can keep it until they drop prices back to what they were 15 months ago. This was nothing short of price gouging by opportunists. Who’s doors stayed open throughout all the draconian lock downs? The same people who want $45 for a sheet of OSB today.
In the middle of doing emergency reconstruction of the roof of our house. Could not wait for lumber prices to drop. We just paid $87/sheet for 3/4 construction grade and that was down from where it was. This is the highest level BS I have ever lived through.
You are right and wrong. True, we have a general rate of inflation, that, may vary every year. But, prices can go anywhere the market takes them. Take a look at farm prices, a year or two ago, they were dropping, now they are thought the roof. There are plenty of trees out there, and, the market will go down, once the supply disruptions caused by covid have eased. The demand for lumber did not go down during covid, but, the closing of mills ect. caused the shortage, as the mills catch up, the price wil go back to more normal levels.
I remember saying the same about Gas when it was 5 bucks a gallon...It went to 20 year lows though...it's all about supply and demand...These actions are deliberate to slow down the economy...As goes construction, so goes the world...
My local window/door manufacturer is kind enough to put their old pallets out front of the plant so others can recycle them. I used to have my pick of what was there. Now there are several trucks waiting for the forklift to come out.
Same here-lost my home to a fire in Sept, now living on my son's homestead, but can't build and get out of this camper until the prices drop a bit more, or I start making a whole lot more $$ to cover it.
Damn, still to high for me, I put it all on hold until it comes down, else Im moving to steel. Im an old wood butcher also, well in heart I started early :)
We are all sick to allow PRICE GOUGING ! ! ! We all pay more than enough in taxes that government regulation should continually prevent consumers from being abused financially ! !
Extreme fluctuations in prices is a strong indicator of a weak economy with inflation to follow! Already we are seeing huge increases in food, gasoline and other daily use items! As much as I'd like to see lumber & building materials return to pre pandemic prices, unfortunately they will not!
Fred Garvin manufacturer’s trying to increase margins and profits before it crashes, suppliers not wanted to risk going bankrupt if it crashes, all bc of some idiots making decisions. If everyone would chill out we wouldn’t have had a problem
I won't be buying until it is back to pre covid prices. Everyone needs to wait it out and let all these things go back to regular prices. We need to do without until they stop this gouging. I can wait.
wild fires in Oregon last September stopped wood production here and things were crazy short, so the prices went up. Word on the street is they have an abundance now (as seen stacked up behind Home D), but since people still paying the higher prices, they have not dropped them. Many people are refusing to do projects until it comes down. Same as any other market with an abundance of supply, prices will drop when sales stagnate. In the meantime, lumber places will sit on their surplus until they grow weary of the room being taken up.
As a kid, I remember my mom saying, bread used to be a nickel a loaf ! ...guess that's why she baked it. (Didn't know we were poor, but man... we managed wants over needs!)
Prices will never get back to where they were. They will drop a bit more to make everyone feel good and stay there. We plan on build a house next spring so we will see what happens. Thanks for sharing the news.
Amazing how they get us used to the higher price and then we are thrilled when it comes down just a bit. It's like gas prices. There is a principle from psychology in there that some bright spark could explain, but I see what they're doing. Oh, and thanks for the video!
Where do you get plywood for those prices. At the Home Depot in Vancouver, Canada 3/4" spruce plywood sheathing topped out at $105 per sheet weeks ago and it's still that price even though lumber futures had a record drop in prices last month.
Well, I've held off on lumber related projects..... kinda the same thing I did with Ammo purchases. Worst to happen, I don't spend money on lumber projects, I just spend on something else.... If we all shelf those projects for later times, lumber prices will find their way back down. Crazy, paying three times the cost for a project is just NOT in my needs...
While keeping an eye on falling lumber prices, I finished removing the old river rock facade off my home in preparation for resuming our exterior facelift project. Fingers crossed the downtrend continues.
I'd eat a cold crumbly biscuit off the floor before I'd pay even that much for OSB. As a DIY guy it's even hard to get excited about 2 yr old overbought OSB at $40/sheet on Craig's. Seriously, I don't know whose bright idea it was to gouge us with all these prices lately but it's caused me personally not go through with several projects. One of those projects is a complete remodel of the outside of my Mom's house. She wanted Hardi plank, double hung windows, 3 new entry doors etc. All of it will require new rough openings before install because some of the old wood is paper thin in places, especially on the west side. We lost my Dad in '04 to colon cancer and it needed to be remodeled even back then. It's taken me that many years to finally convince her to let me get going on it and you can imagine my frustration that she won't let me now because of these prices.
I love seeing people say "I am not buying right now".....I wish everyone would get that attitude and break these greedy mills! There is absolutely no reason for it other than greed! I think in 3 short months you could have them over a barrel.
I have some roof repairs on 1952 homes. It will all be 3/4 material off of the sawmill. Because these are repairs, so less material. I may screw the boards down and countersink the screw head....I'm expecting the wood to shrink.
Great time to look at alternatives to using lumber. Cinder block and steel are readily available here in south Texas. The use of lumber in a barndominium Im building will be kept to an absolute minimum. Rammed Earth construction is very popular in Arizona and New Mexico. It’s a beautiful, robust form of constructing that almost eliminates the use of lumber. I would have loved to have built using rammed earth construction technique, but in my part of Texas, it’s unknown.
I'm a contractor in Rural Quebec, Canada. We're so far behind the markets here, our prices are still going up for some lumber. 2x6x8 Western Red Cedar was $44 a stick 2 months ago. Now it's $52.
When prices have tripled for lumber, I’m not getting excited about a 15% drop in price. I’ll wait longer.
Don't be surprised if this becomes the "new normal".
All the free lumber you want just outside of Syracuse NY
I'm sure lumber sales in the big box stores dropped like a lead balloon....
inflation is cured I can't wait tell the housing market collapses 50 to 75% off !
@@42bigtim 2x4x8 at HD store yesterday at mid-$5.s retail. I was in a different store today, didn't have time to look there. Agree with others about the new normal, unfortunately, but that sounds like a price I can at least live with and quote around with a straight face-- comparatively speaking.
Remember the good ole days when that stuff used to grow on trees?
I'm building everything with morningwood from now on
Still does. Artificial manipulation of the market. For profit industry. I's to see ... ✝️🛐
@@lancelink29 Supply and demand. There weren't enough truckers a few months ago. Now there are.
Thanks for the laugh! Great to keep work.
@@lancelink29 .. Exactly!
$69 is still robbery. Dang'ed crooks.
Yup. What should it be like $45?
No it should be like $ 2.50 to $3 a sheet
And you know the guys in the woods aren’t seeing a penny of the increases they now are selling lumber at. Kind of like farming, the ones that actually do the real work make nothing and everyone else makes out well.
I remember about 4 years ago when HD had 4x8x 3/4 birch for 29$ a sheet. Never again ill let that pass. I didnt need it then but I needed it now. Lesson learn, buy for your future renovations.
@@scottcoleman7304 7/16 was $14/sheet at big box hardware stores right before Covid came. If you were a large home builder and ordered direct from a lumber yard or supplier, you were paying under $10/sheet.
It still needs to come way down before I buy any. Let the termites eat it!
you will buy it if you need it.
I'm buying a bandsaw mill. I have 20 acres of yellow pine.
Yes with u all the way
Still gonna hold off on any projects. Not paying those prices either.
Lumber producers are getting as bad as OPEC...
BINGO ........ Folks NEED to SLOW the DEMAND for Building Products, PERIOD !!! It is the ONLY way Prices WILL FALL OFF FASTER ...... Anything less is just a FANTASY !!!
@@ricks.1318 precisely.
I've already told my wife it's probably gonna be at least 2 years before the price has come down to before the price has come down to prepandemic, which is when we will be building.
They're gonna fluctuate so much over the next year and a 1/2 because people are going to start buying when there's slight price drops like this, and that's gonna drive the price back up, and it's gonna be a vicious cycle.
Same here. Was building a 12x20 shed......my junk can sit outside for another year, fine by me. I'm still not paying 50.00 for a sheet of plywood
Make them BEG you to buy it after it comes down 70%
(Que meme)
“It’s still TOO damn high!”
Thanks, now I've gotta watch the songify vid next!
It is still too high considering lumber commodity is down over 60% from the peak.
It's pure capitalism, same as gas prices. If the price of a raw good goes up due to scarcity (or collusion/manipulation/whatever - the source of the widespread price increase doesn't matter) then everyone has to raise prices immediately or they sell at a loss - rapid upward price pressure. On the other hand once the raw material cost goes down there is no immediate pressure to sell at the new lower raw good cost. The only reason the consumer price eventually goes down is because store 1 is trying to increase their sales and thus will lower their price. Store 2 then has pressure to undercut to maximize their sales. These are much slower effects that takes days/weeks, and slowly this back-and-forth of competition makes the end-consumer price float down until neither store is willing to cut their profit margins any further. If during this process things get scarce again, then there will be another rapid rise followed by another slow fall back to the wholesale price.
@@williamseale4009 Exactly. I suspect it could take at least 6 months to a year of relatively low lumber futures until the retail prices get back even in the ballpark of what we used to see. I wouldn't be surprised if we never see sub $3.50 2x4s.
@@alexjones7845 retail prices are still high because they still have a lot of the high priced stuff leftover. If they're not down in about 2 weeks then I'd be concerned.
Futures dropping doesn't say much (if anything) about *today's* prices
Gotta wait for the lag in the "futures" becoming "now" ... which is anywhere from 4-6 weeks (sometimes longer, in lower-demand/-traffic areas)
The lumber commodity price you see are future contracts, typically 3 months out. In about 3 months you can expect actual prices to be down 60% from the peak.
There was no reason for the plywood cost to be this high. It price gouging
Shut down the lumber mills, glue makers etc, send people home to "quarantine" but leave hardware stores open. Yea it was the perfect storm. Supply shut down, and demand shot way up do to increased demand of people stuck at home wanting to do home projects. Housing prices spiking didn't help either.
Exactly, then have the gall to drop it a ‘teeny’ bit is highway robbery!!
They have lumber stacked as high as a forklift could reach. I know one of them.....there was no lumber shortage. It the destruction of the middle class. Nothing else. Something must be done before its too late. If it isn't already.... PRAY
Prices of raw wood products have got a long way to go down before I spend any money on any of it!....
BINGO !
Me too, I am not doing any projects or finishing up the ones I had started already until it comes down about 150%
@@stuartbuckley8720 that means they would be paying you to take the wood
Last fall I paid $14.63 a sheet for 40 sheets of 4x8x3/4 plywood sheathing it is $67 a sheet now. I have a 140 year old barn I am restoring and have stopped this entire year.
Maybe we should just boycott them for price gouging.
2x4x8 was normal at 2.98 in my area, now its still 7+ and that absurd!
Sorry Ken, ... But I CANNOT "get excited", just yet .... PRICES NEED DROP a LOT more before I start to even smile again !!!!!
Agree they need to go down farther.
I don’t think we’ll ever see 2.50 2x4’s
@@gregj2647 Maybe not, but 4.00 is more than a healthy price for profit margin on the lumber yard's end. This is not a viable price point to get excited about...not even close!
Exactly! They know people will be excited to be saving a dollar per 2x4, but it doesn't cost the mill one penny more than it did a year ago, so who's happier? 🤔
Me too!
When I built my house had 93 sheets at $8.00 a sheet 20 years ago.
I bought a plywood sheet in 2017 for 10$, that same one two years later was almost 40$ 🤯
Just bought some sheets here in Ireland 4 days ago, they were €16 per sheet which is about $19 a sheet.
and fuel was $>85 cents per gallon.....soon to be 5.25 per gallon, then ease down and settle at 3
I manage a roofing company in March of 2020 I changed suppliers because my OSB went from $7.92 to $8.76 a sheet for 7/16" and 1/2" went to $9.27...
What was your hourly wage 20 years ago?
It's still way high than it was a year ago, this is how they do it, they jack up the prices and then drop them to a still higher price but everyone takes a sigh of relief.
Yeah, don't be fooled! It's what the fat cats are counting on! Hold off on your projects until they come down to pre-pandemic levels!
Very common practice with gas pricesas well. Jack the prices way up and then drop them a little bit.
Bingo. This happened in the 70s also. Inflation spikes everything higher,then eventually the prices settle but still higher than previously. This is how the government and banks and corporations introduce inflation in America.
Exactly
doesnt mean they're purposely doing it. It's not driven high out of choice.
They can still keep it. I’ll cut wide planks on my sawmill and use that instead of buying that high price junk.
Thanks for the update Ken. As others have commented ill be holding off on projects for now.
I would rather grow a tree from seed to maturity, cut it down and wait for the wood to dry naturally, than pay those prices! Still ridiculous!
Yes me too.Love that.
The dropped prices are still higher than they should be.
yes, greed is the name of the game with company's paying zero taxes.
It is amazing how easily my projects have lost priority at today's lunatic prices.
Hey now at least they're only up about 1000% now! 😁
Seriously!
yes sir
When plywood is $32 again, that will be news! $69 is still obscene
We call that the farmers discount, triple the price then give then 50% off..
And they are still making tons of money, the price increase was nothing but greed and false supply problems.
Everybody loves money.
You're not kidding. At a rail yard near me, there have been two whole trains full of 4x8 sheets parked, hasn't moved one inch in 3 weeks. If the shortage were real, they damn sure wouldn't leave high demand product sitting idle like that.
Death Mond Of course its a supply and demand problem. But judging from these comments, there won't be a demand issue because no one is going to buy for the moment. Then there'll be a supply issue and sales all over the place. But "greedy" is soooo right!!
Actually a big part of all the insane prices is companies being greedy trying to both make up for a bad 2020 but more so trying to make money before the market falls apart and everyone goes bankrupt. The manufacturers want to increase margins, the suppliers fear of unstable market means they hold less supply and creates a “shortage”, and we the lowly consumers just take it and get screwed over.
I’m holding out on buying wood until they get back to reality.
Agreed, metal as well. Steaks too.
Bottom line. The cost of living has never gone with our pay. Cars and trucks are the price a house used to be. Meanwhile you pay only increased 1 or 2 dollars.
The greed in this country is sickening!
Of course, most people on Earth haven't seen those benefits. They work long hours. Many are in poverty. The fault there is not with the technology, but with a system that drains wealth from the majority for the benefit of a tiny elite...
When comparing prices from the old days, be sure to run them through the CPI calculator. As an example, I have a 20" box fan that was bought in 1980 for $ 19.95 this is 65.54 in 2021 money ( the price tag is still on the box ) A fan of the same spec in 2021 is $ 18 to 20 .
In the old days, many manufactured goods were not cheaper in terms of actual $. As for cars, they last much longer than cars even from the 70's. In 1970 how many cars would you see on a used car lot that had 100,000 miles that still had 100,000 ahead of them? Cost per mile matters not purchase price.
Think about how much less stuff people had in the 50's compared to today then decide of things are so bad today.
I'm keeping my powder dry on everything. That's what I think of their price gouging.
I love that saying
I don't actually get it, what does that mean?
It means he’ll pull the trigger when the target is worth loading the muzzle.
It's still outrageous.
Completely
Who here will be starting a lumber mill to supply others that want low lumber prices? Should have an instant market no?
Ya right! In the land of trees (PNW), ply just dropped from 180 bucks/for a sheet of standard 5/8" to $105+ 12% sales tax. What a buncha bull. 😄
Ken it is still expensive in my book
2x4x8 at the big box stores were $10 tax included less than a week ago. The norm was $4 at the high end. Many contractors just shut down wood projects and it's showing in big box store inventory. Wood stacked hi and not moving.
Not at the prices they're asking. Stuff can rot.
It's like gas prices they put it way up and every one is upset, than they put it down a bit. Every one is like that's better, but it never goes to what it was. We still get screwed but slower.
Food too, I remember this shit back in like 2015…. Member saying everything in store is 4. Now it’s even more ….meijers has big packs of toilet paper for as high as 29.99 (24 pk). Wow..brawny 6 pk paper towels were 5.99 before pandemic, now same package is 8.99.
I've put my projects on hold til it gets back to normal !
OSB is still 45 bucks a sheet. 3 times more than what I paid year and half ago.
Seriously last time I bought 3/4 osb it was $15 a sheet in my area that was the end of 2019
For glued wood shreds. Basically waste material.
If your seeing 7/16 osb for under 66$/sheet anywhere count yourself lucky at the moment
Yep, still way to much
almost 4 1/2 times what I paid
$69 for a 4 x 8 IMO still very pricey. We will wait to see if prices return to normal.
Normal is about $30 for a 4by8 3/4 inch thick. I'll wait for that.
Timber prices aren't making timber owners rich - just the lumber mills.
@Fred Garvin Well said!
I'm pulling perfectly good wood from the local dump.
For years I picked incredible material from the wood pile at our landfill. Full 1940's mantles, rosewood from furniture, super wide pine boards, old growth fir (rafters, joist) etc.
Free is better than paying sorry friend my pocket needs that dollar more.
@@anthonymorales842 worth there wt.in gold..not paying those prices no future projects..
Me too, it’s crazy what people throw away !!! I’m collecting for a “free” garden shed. But there is a smart a$$ at the dump that likes to run you off, he will come with the dozer and go right beside you and push up what your picking 🤬
Smart man.
1.00 a stick is going in the right direction especially for those that have to buy material for their job but like the other commenters I'm not paying those prices either.
Hell, I remember when DF studs _were_ a buck a piece. 🙄
1/2" CDX was $16
It made cost estimating by the running foot real easy.
I purposely bought 50 extra sheets of 5/16 osb when I built a rather small tool shed not a shop bc to small to work out of really. With intentions to build a couple more smaller buildings and a work area next to the tool shed. Got behind projects get pushed back so I found myself with 50 sheets I bought at grand price of I think 6 something a sheet pre covid and pre pre covid price hike. And it hot from like 6.65 I think 🤔to 48 ish a sheet. So I'm just treating them like some stock I have. I sold all 50 at 45 bucks each few dollars lower than the peak prices no tax either so at time save this guy a decent bit of cash . Banking like 10 or 15 bucks over 1900 on 300ish of products I had sitting in storage. This is what I been waiting on. Finally going back down again it won't get back to 6 a sheet but that project wood profit gets me close to 6 times the value if I wait til it's fair close to acceptable prices bigger useable larger shop shop now. So I can actually start a small business in wood working industry 🙃 that tool shed will be a tool closet in a addition built on to it and I can actually use all the larger cramped tools in it easier than having to unload them out set up make sure if I have to take 2 days it won't rain and then cover them up extra then clean them break them down or whatever and put them back into a stuffed to the ceiling 10x10x10 cubed tool shed space .
Smiling!
Sold my house in Kansas City, had to remove my 60 foot ham radio tower I put up 40 years ago, know what you mean about leg work after 4 hours in 95 degree heat. I hit the wall and had to come down or would have been on the news being rescued. Smile! 70 year old man thinks he 40 and had to rescued off 60 foot tower, not a story I wanted to watch ... Thank you Lord for getting me down safely.
Glad you got down safely from your hot tower work, Ed. Say, I love Harrison, AR. I was invited to speak to some educators at the high school a few years back and really enjoyed the gorgeous ride up there. Also, a couple of your "neighbors" are in my contest club (Deep Dixie Contest Club)--John McBee K5RM in Harrison and Kenny Mills, N5EE, in Gravette. Good luck on your tower work. Also, I enjoyed your QRZ.com page. 73 de Larry NN5O (Tupelo, MS - birthplace of Elvis!)
I am 70 worked construction for decades;
Being in the paper was a standard safety joke;
We were in Amish country here in northeast Ohio and was told that all the mills in the area (there are many Amish mills in Ohio) have been stacked full of lumber the whole time but none of the "processing factories were buying...because none of the big stores were buying".
I advised my customers to wait only do what needs to be done.
I concur;
Is it true roofers is what causes rain?
Same with everything really don't buy anything
That's pretty decent advice no matter what the lumber market is
Thanks for showing the ladder hoist in action. Wow...what a saving in time and work. That was a great investment. Very impressed. Thank you for sharing. 😊👍
Thanks
Meanwhile baby back ribs and chicken wings have doubled in price the last 3 weeks. Can live without lumber but have to have food. I think they have figured out what people can't put off.
Chicken breast is still $2 per lb here in Southern California at Wal Mart. Same price it's been for years.
@@madalomusic2097 You think that is "chicken" from Walmart, but you may be mistaken.
@@toddburgess6792 But, it does have a chickeny taste to it.
Well, they’re always looking at a way to beat us working folk
@@madalomusic2097 yea pink slime is not worth $2 a lb
I'm happy that prices are finally dropping and I hope the trend continues where I feel good about buying lumber again.
Thanks for posting these videos. It's nice to see another side of the construction biz during these interesting times.
Ready to head to the job site.... that sentence always makes me feel good
A friend of mine was at Home Depot today (7-10-21). He said 2x4x8 #2 PT was down to $4.88.
Really?
That’s great. Still $7.60 here in So cal.
In California it's still almost $10.00 each
And osb is still 68 dollars that’s crazy I usto pay 10 dollars a sheet
Like a hot biscuit? Until they return to last year's price, and perhaps 2% higher adjusted for inflation, then we can say they dropped like a hot biscuit. This was a coordinated effort by the lumber industry and blaming it on Covid. If that was the case, everything should have tripled in price.
Not getting excited over these prices. When 2x4 get back to about $3 I'll start buying again.
Bingo! Anything over that is pure price gouging. They can keep it.
But those 2 by's will STILL be hockey sticks!
I love it when it's at 3$ a stick....lol
I guess your opinion of “ dropping like a hot potato “ differs from mine. They’re still raking in huge profits off everyone.
Well said!,,
And mine as well ... Tiny incriments DON'T excite me at all !!
At least the trend is starting to move in the right direction. A $13 drop for a sheet of ply is way better than another $5 increase!
Well, to be fair, he did say hot biscuit.
@@Jefleopard Yes, he was talking about the overnight drop, not the amt of the drop.
Not down far enough for me to think “it’s a deal”.
The two lumber mills around Molalla, Oregon are full of dimensional lumber and their Log yards are full. Non stop Log trucks and flat beds full of logs and lumber. I do not under stand where the shortage/price increases come from.
Futures index and greedy mills
GREED is the reason .... Plain and SIMPLE !!
Its a scam to get rich off the backs of people that cant afford it
THERE IS NO SHORTAGE LOWES AND HOME DEPOT HERE IN MY TOWN THAVE ALL KINDS OF LUMBER AND PLYWOOD STACKED SLL AROUND OUTSIDE THEIR BUILDING AND STACKED TO THE CELING INSIDE. NOBODY BUT FOOLS BUYING IT. LET IT ROT
Still not enough for me to start buying again, yet!
Even with the price drop lumber is Still double from last year
Haven't dropped enough, I need 80 sheets of 4 X 8 0SB ROOF SHEATHING, THEN THE RUBBER AND GLUE NAILS ETC... Praying the price goes a lot lower before the rains hit here in San Diego, so I can do my whole mobile home roof.
KEEP ON COMING DOWN PRICES! We are wanting to build a garage as well, 40X38! Now that the prices are coming down its going to be possible!
no, it's not.
None of you will wait long enough, and all of the people that have been waiting to build and holding off projects will start to do those projects and and all the prices will skyrocket again.
Mark 👏my 👏word👏
EVERYONE is "waiting" on their project, which means there's tons of demand, which means the prices will not come down much. If the expensive plywood is being bought quick, does that really mean the price is too high? Seems like proper supply/demand, which people don't like to hear.
So many comments about ..."I will wait"..."I won't pay those prices"... My Observation - When it's your business you have to buy like Ken. It is his livelihood. Thank you Ken for the price report.
Thanks for keeping everyone appraised of the price of lumber.
apprised
@@Twoholesofman ..sur...prised!!! 😂
Clever your ladder lift idea. I always enjoyed being the person who would walk the wall and have the joists handed up to me. You got to feel like you were working but all the real work was done for you. On a nice day you enjoyed the breeze and thought about lunch.
Thanks
Screw the lumber companies hold out teach them a lesson .
It's more the commodity traders than the mills.
It IS truly the ONLT re-course that the consume actually HAS !!!!!!
They can keep it until they drop prices back to what they were 15 months ago. This was nothing short of price gouging by opportunists. Who’s doors stayed open throughout all the draconian lock downs? The same people who want $45 for a sheet of OSB today.
It's great news on lumber prices thanks for the update Ken thanks for the update Ken
In the middle of doing emergency reconstruction of the roof of our house. Could not wait for lumber prices to drop. We just paid $87/sheet for 3/4 construction grade and that was down from where it was. This is the highest level BS I have ever lived through.
It will never come back down to even near where it was.
You are right and wrong. True, we have a general rate of inflation, that, may vary every year. But, prices can go anywhere the market takes them. Take a look at farm prices, a year or two ago, they were dropping, now they are thought the roof. There are plenty of trees out there, and, the market will go down, once the supply disruptions caused by covid have eased. The demand for lumber did not go down during covid, but, the closing of mills ect. caused the shortage, as the mills catch up, the price wil go back to more normal levels.
It never does
I remember saying the same about Gas when it was 5 bucks a gallon...It went to 20 year lows though...it's all about supply and demand...These actions are deliberate to slow down the economy...As goes construction, so goes the world...
Of course it will. Literally the law of supply and demand, just like the other comments indicate.
@@godbluffvdgg not about supply and demand, it's about politics and trade
My local window/door manufacturer is kind enough to put their old pallets out front of the plant so others can recycle them. I used to have my pick of what was there. Now there are several trucks waiting for the forklift to come out.
2x4x8 at menards is 6.82 right now, I have a screenshot from May 16th of the same piece of lumber at menards…. 12.69… how??
capitalism...that's how.
Osb 4X8 7-16 in have finally gone down to around $14 a sheet at my local Home Depot which cuts the cost in half when compared to Zip osb
Thankgod. I lost my home to a fire. Now the lumber prices are coming down is a relief
I’m so sorry that happened to you. Is homeowners insurance covering the total cost of rebuilding?
Same here-lost my home to a fire in Sept, now living on my son's homestead, but can't build and get out of this camper until the prices drop a bit more, or I start making a whole lot more $$ to cover it.
Good to see a tradesman who is on top of his costs
Thanks
Damn, still to high for me, I put it all on hold until it comes down, else Im moving to steel. Im an old wood butcher also, well in heart I started early :)
We are all sick to allow PRICE GOUGING ! ! ! We all pay more than enough in taxes that government regulation should continually prevent consumers from being abused financially ! !
Still waiting out on the west coast for prices to to start dropping
I’ve been told that many contractors have told the lumber yards that they’re not building anymore until the prices go back to pre-covid prices.
Extreme fluctuations in prices is a strong indicator of a weak economy with inflation to follow! Already we are seeing huge increases in food, gasoline and other daily use items! As much as I'd like to see lumber & building materials return to pre pandemic prices, unfortunately they will not!
I’d take summer 2020 prices alllllllllll day
Fred Garvin manufacturer’s trying to increase margins and profits before it crashes, suppliers not wanted to risk going bankrupt if it crashes, all bc of some idiots making decisions. If everyone would chill out we wouldn’t have had a problem
This is why they raised it so high... to make us happy when the drop it a little. It needs to come down more.
I won't be buying until it is back to pre covid prices. Everyone needs to wait it out and let all these things go back to regular prices. We need to do without until they stop this gouging. I can wait.
wild fires in Oregon last September stopped wood production here and things were crazy short, so the prices went up. Word on the street is they have an abundance now (as seen stacked up behind Home D), but since people still paying the higher prices, they have not dropped them. Many people are refusing to do projects until it comes down. Same as any other market with an abundance of supply, prices will drop when sales stagnate. In the meantime, lumber places will sit on their surplus until they grow weary of the room being taken up.
I remember $.99 two by fours. I was building a cabin on a lake in Wi. I believe it was 1971.
As a kid, I remember my mom saying, bread used to be a nickel a loaf ! ...guess that's why she baked it. (Didn't know we were poor, but man... we managed wants over needs!)
A year ago studs were $3.50 a pop.
But you were making $12/hour back then, not the $300/hour you get now.
Prices will never get back to where they were. They will drop a bit more to make everyone feel good and stay there. We plan on build a house next spring so we will see what happens. Thanks for sharing the news.
Amazing how they get us used to the higher price and then we are thrilled when it comes down just a bit. It's like gas prices. There is a principle from psychology in there that some bright spark could explain, but I see what they're doing. Oh, and thanks for the video!
True. Thanks for watching
Where do you get plywood for those prices. At the Home Depot in Vancouver, Canada 3/4" spruce plywood sheathing topped out at $105 per sheet weeks ago and it's still that price even though lumber futures had a record drop in prices last month.
1/2" CDX ply was $80 a sheet yesterday at HD here in San Diego
!/2" OSB was $67 a sheet
$80+ at the HD on H St too
I was in the Poway HD yesterday it was 84.00
Well, I've held off on lumber related projects..... kinda the same thing I did with Ammo purchases. Worst to happen, I don't spend money on lumber projects, I just spend on something else.... If we all shelf those projects for later times, lumber prices will find their way back down. Crazy, paying three times the cost for a project is just NOT in my needs...
Only ones creating these shortages and making billions are the day traders. Laws need to change on these vipers!
That's always been the case unfortunately and it's the middle and lower classes trying to make an honest living that pay the biggest price.
It's nice to see people working smarter than working harder.
While keeping an eye on falling lumber prices, I finished removing the old river rock facade off my home in preparation for resuming our exterior facelift project. Fingers crossed the downtrend continues.
HA , You call that dropping like a hot biscuit !!! They raise it 50% and drop it 15 % who is losing!!
Wonderful now I can afford a square inch
I'd eat a cold crumbly biscuit off the floor before I'd pay even that much for OSB. As a DIY guy it's even hard to get excited about 2 yr old overbought OSB at $40/sheet on Craig's. Seriously, I don't know whose bright idea it was to gouge us with all these prices lately but it's caused me personally not go through with several projects. One of those projects is a complete remodel of the outside of my Mom's house. She wanted Hardi plank, double hung windows, 3 new entry doors etc. All of it will require new rough openings before install because some of the old wood is paper thin in places, especially on the west side. We lost my Dad in '04 to colon cancer and it needed to be remodeled even back then. It's taken me that many years to finally convince her to let me get going on it and you can imagine my frustration that she won't let me now because of these prices.
Great news Ken! Now let's see it get back to preCovid normal...
You have to get used to the new normal.
husband was in home depot yesterday 7/10 and plywood was still 80 a sheet. :( glad you got yours cheaper. i'm in south fla.
Still $52 a sheet for osb in southest iowa,I'll wait.
46.25 central IL at Menards, 41.16 after their mail in rebate.
@@williamjackson5942 lmao. pass. they need our money to keep their doors open. I simply wont pay their prices.
OSB is garbage
Still 46 dollars a sheet in North Carolina!
Im SW iowa too. Hoping to double my garage in the spring. At this rate tho, I'm not sure if im gonna do it.
Glad to see the prices finally starting to trend down. No matter the amount of price drop, it's exciting.
It will NEVER come down to pre CV19 prices
Nothing does. Nothing remains the same price a year and a half later.
Prices go up like a rocket and come down like a feather .
Just imagine how much prices will drop when we go into depression 2.0
🤣😂
Prices won't drop and that will be the CAUSE of a depression.
WE won't buy and they won't be able to sell.
Gridlock !
I love seeing people say "I am not buying right now".....I wish everyone would get that attitude and break these greedy mills! There is absolutely no reason for it other than greed! I think in 3 short months you could have them over a barrel.
Looking at using old school rough sawn 1×4s to sheath a roof for an agricultural building. 44.00 is too much for 7/16 OSB.
I have some roof repairs on 1952 homes. It will all be 3/4 material off of the sawmill. Because these are repairs, so less material. I may screw the boards down and countersink the screw head....I'm expecting the wood to shrink.
Great time to look at alternatives to using lumber. Cinder block and steel are readily available here in south Texas. The use of lumber in a barndominium Im building will be kept to an absolute minimum.
Rammed Earth construction is very popular in Arizona and New Mexico. It’s a beautiful, robust form of constructing that almost eliminates the use of lumber.
I would have loved to have built using rammed earth construction technique, but in my part of Texas, it’s unknown.
It needs to drop alot more before I start building anything
I'm a contractor in Rural Quebec, Canada. We're so far behind the markets here, our prices are still going up for some lumber. 2x6x8 Western Red Cedar was $44 a stick 2 months ago. Now it's $52.