Who is Getting Rich Off of High Lumber Prices?!?
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- Опубліковано 5 жов 2024
- Something is going on with high lumber prices. While lumber prices are high, not everyone in the lumber supply chain is sharing in the benefits. Some people are getting rich and others are barely making it. In this video I explain what is going on.
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Contact: dave@diywithdave.com
Two and a half years ago we bought a portable sawmill for our homestead. At the time people thought I was nuts as I had never even seen one in person before that. Those same people are now asking to buy lumber from me! We make all our own lumber for all of our projects here on the homestead.
That is fantastic. I wish I had the space or the trees for a mill.
awesome!
You go! I was about to do the same.
yeah and your lumber is shit too
@@dlfidgaf probably not as shit as you human trash
We just stopped ALL of our projects...our neighbors stopped all their projects...two couples we know have chosen to stop their house builds, just stay put and bank until something changes. I don't want to see end sales stores to get hurt...don't want the mills get hurt...but we are NOT paying these prices.
Yup, same here. Was going to build our small retirement cottage at the coast this Summer, but not now that lumber is 3X what it was from a year ago.
After reviewing the current lumber prices I put several projects on hold to this robbery.
So pretty much the tradesman starve and the bankers get paid.... right on
@@dreamtree529 shop around, stat away from the box stores who donated GOP and all will be fine
Work with steel, concrete, or stone.
Don’t forget about the person that makes sure home depot and Lowe’s gets the WORST 2x10’s
lol yeah all of those battens are so crooked
I started building boathouses out of their lumber and haven’t noticed any problems.
yes. I don't know about Lowes, but at Home Depot sometimes you have to go through many sticks in order to find one that is not bent or full of knots.
I buy full bundles of 2x4's and use them all, some I don't like but you can usually work with them, treated lumber I will soak in water and use them wet, hold them in place when they dry, may be a good time to buy a band saw, home saw mill and use rough cut lumber, old school, stay strong
@@boxelder9167 it's not that all of the wood at big box is bad - its the time you have to spend looking for decent wood.
I work in the industry. Prices will come down when people stop paying the prices. I hear it every day. "I can't believe the price of lumber" or "when do you think it will come down" but yet a simple change like maybe I won't get that extra 2x4 or I won't build a tree house for the kids this weekend, will help slow the rising prices. People complain but won't do anything about it.
The rich are getting richer and will never stop buying. The middle class and poor will be excluded and left behind.
The housing boom is driving it ... when interest rates go up your lumber prices will come down.
"stop buying " is easy to say but home builders have to buy materials to live,to work, to survive
@@karlschneider1105 Yep. They need to buy those materials and need them cheap. 5 competing lumber companies want that business so give them the best price they have, but there are other developers out there, that's the dynamic.
Agreed. We won’t be building our shop or do any other projects with wood.
watched a video of a carpenter that showed lumber sitting in a rail yard in VT , being piled up and goes on forever. He wondered why there was a shortage and price spike with all this lumber just sitting there. To me it feels like the gas shortage of the 70s... which wound up being the oil companies pulling off the biggest scam in history.
That ken is a good man. I love his videos as well.
It 100% is a scam. I'm in a forestry region and it's business as usual, all that shortage BS is all made up by the billionaire greedy f*ckers controlling the markets.
I'm sure we're not the only ones thinking of the same comparison.
Do you have a link to that video?
Do you have a link for that video
My son-in-law works at Mill in Oregon. He is in management. He said the mill has made bank beyond their wildest dreams. It’s price gouging
no it isn't, lumber is a commodity. Why would your son's company or any other lumber mill charge less than the market price for their product? For the last many years, prices have been down they didn't get the charge more... if they couldn't turn a profit they shut down as many mills have.
@@RainCity3rd The lumber Corporation stock price is the cause and consumer demand and short supply is driving the price. Good time to buy a small sawmill.
@@oldengdg2575 wrong. There is not a monopoly of sawmills are you nuts? It just costs a ton of capital to build a modern efficient mill, they don't build over night it takes over a year so won't help with supply. There are a number of large companies and thousands of small ones something like 3000 in the USA and a huge number in Canada as well. For the last several years prices have been so low even as new building has been up which was usually before a leading indicator on prices. Mills were shutting shifts and small mills stopping production completely as we're all low ng money. It wasn't speculation by 'investors' and it wasn't a lack of demand. The industry wasn't actually sure what was going up but 2019 was a bloodbath and they are still recovering. It was shuts down to do with covid either as j haven't heard of anyone shut down at all it was all the low pricing. And now that the pricing is up they are producing at max capacity but only since the end of 2020 meanwhile building construction was way up and continues to be. So inevitably it's just a lack of supply. It's simple supply and demand economics, no need for made up evil speculators and evil investors. If anyone was smart enough to horde a ton of dimensional lumber 1 they would have lost most of their profits holding it and insuring it and transporting it somewhere and they would be now selling it into these high prices which wouy be pushing down the price as it adds old supply back. If there were huge speculation it wouy have the opposite effect as you are saying. It's simple a cyclical industry. They mills are going full tilt and by the summer sometime they will have pumped up enough supply to push the prices down. If you think oh the mills will just on purpose keep production slow to keep prices high. It's not how the market works these mills are all trying to make as much money as possible while the getting is good.
@@oldengdg2575 right and why would potential buyers of their stock suddenly drive their stock prices up 3x and 5x? Because of the massive revenue increase and that they were so cheap as we're basically losing money last few years. It WAS a good time to buy their stock, I wouldn't buy it now. Might be time to sell also. I've started to sell mine.
@@realdeal1841 that's a big claim, you have anything to back that up as I would be very interested. But from what I have seen in Canada the prices were so bad over the last years the mills were struggling. Many had shifts down and smaller mills many just closed. We had quite good new home starts which usually means lots of demand and high prices but for whatever reason prices were not following as they usually had. I talked to some industry guys and they were puzzled. Either way it makes sense that build was up and now it's taking off like mad but that mills were not full capacity last while and now are but need to catch up. Pretty typical commodity behavior. Similarly to oil and gas. Lot of capital for these big wood companies to build a new mill at least a year before it's running and a ton of capital. I suspect prices don't last as demand is filled with everyone on full blast.
I'll take one for the team, everytime I invest in stock it collapse, I'm buying lumber stocks
😂 sounds like my investment strategy
Using bad luck to your advantage, I like it!
@@JusNoBS420 I am going to invest in lumber stocks too.
🤣🤣🤣
Buy high sell low is the way!
My girlfriend works for the Home Depot and she thanks you for the explanation of why lumber prices are high and who is profiting from it, she deals with the frustration of customers on a daily basis !!!
Get it straight. The obama's purchased over 51% of stock in Home Depot and controls the prices like gas now.
@@markleschke9767 Completely false. That is yet another tale from the internet.
@@jdm1039
After hearing that the Home Depot corporation had decided to patriotically donate money to President Trump’s 2020 reelection campaign instead of bowing to back one of the socialist nincompoops currently jockeying for position, Obama and his foundation quickly hit the stock market, and gobbled up 51% of the company, establishing controlling interest. Now, he and his wife will have the top seats of the executive board and make or approve any and all company decisions.
@@jdm1039
Stop believing SNOPES!!!
@@markleschke9767 I think it is you who needs to evaluate your sources "Obamawatcher" is hardly credible.
EVERYONE SKIP YOUR PROJECTS THIS YEAR! THAT WILL FIX EM!
I see houses getting built every day when I'm out driving semi
Just don't buy unless it's a necessity
I use pallet wood for my smaller projects. Local prices were high before but now.....
Commercial and residential projects have been put on hold butttt guess what that puts people out of work who build the projects ends up fixing nothing. Inflation is not gonna make many people rich. Increases prices not profit margins.
I eventually see home sawmills being utilized slot more for home and land owners. I'm getting one myself cuz 75 for a 2 by 12 is a damn joke.
Many of us have no choice but to continue building. I build about 30 homes a year and it does matter if I lose money or break even... I have lots and lots of people and their families that depend on my company.
Sounds like the lumber companies ripped a page out of the ammunition companies playbook.
Exactly. Same thing the fuel companies did in the 70’s.
Right, I think part of the problem is that they know people have extra money. They want it but don't want to work for it. Just rise the prices as a group. What are people going to do? Sue and get a class action lawsuit. At the end get a coupon for ten dollars off! Arrest them all!
Looks like there's a pattern forming here. Welcome to our new economy huh.
Ding, Ding, Ding, We have a winner here!!! Your right about that. If you got it, it's worth gold. Best explanation i've heard.
Except the Liberal government is buying all this stuff so we can't get it
I live in a small town in Washington with a port where logs are loaded onto ships bound for China. Millions of intact logs are loaded out of just this one port every year. All but a very few mills have shut down here. We (Americans) are being screwed by our own government and US based corporations.
Long ago when I learned logs were going to Japan I thought that we should only be selling finished products, not raw material
So true and I'm puzzled when we Americans blame foreign countries for our own home grown problems!✌🏼
Sounds like the Port of Olympia, WA. Historically, the logs have been shipped to Japan for veneers etc., which are gobbled up by Chinese furniture makers (we've toured these Chinese factories) and shipped back to the US for sale through large retailers. We do need to make our own furniture or at least do business with allies, not enemies.
I lived in a very small town in Washington too but it was in the 50s. The government removed the mothball fleet and closed the docks and bases where they were located. My father lost his job. Then he and a partner were operating their own lumber ranch until the mills closed. My last trip there I saw all the complete logs being loaded on ships, at that time headed for Japan. I could never understand why we were shipping logs instead of cut boards? Our government at work? Open the U.S. Mills again!!!
we have the same problems on Vancouver island. Too much raw log exports. Unfortunately they are taking more and more of old growth timber
you go, boy. this is presented in a timely, realistic, smart, and honest format and you are spot on.
When this price increase first started I was pissed so I decided to buy a bandsaw mill. Now I can harvest my own trees and make my own lumber until the cows come home and I don’t even have any cows.
Exactly , that's the American way . Best of luck , I've watched videos of the mills and it looks like fun to me .
How do you dry it? How much does it twist, bow, crook and wane?
@@dhgmllcshea5038 you stack it up & air dry it.
Exactly...working on 1600sq.ft. of hardwood decking from dead ash trees.....will last forever and looks so much nicer than the PT or plastic crap.
Better be careful & watch over your cows when they do come home......because AOC & company will be showing up to confiscate them. You are no longer allowed to possess farting cows🤣🤣🤣
I'm a logger, you are spot on. We have millions of dollars of machinery. The mills keep putting up a smoke screen saying they can't pay anymore money! Greed is a terrible thing
Are they restricting the amount of logs they will take at your mills
@@User-tg6op no, we are in our spring breakup period. Where it is to soft to be in the woods. The mills took extra logs this winter in order to make it through this time period. They all are particularly very full of logs this year
@@williammorigeau2980 i live down the street from a mill, mountains of logs. 2x4's cranking out, trains rolling. They did stock up, and i see certain logging operations running, but others are too muddy.
I'm a logger too and we damn sure are not making any more money. Actually less with the price of fuel due to China Joe.
Can't wait to see and electric skidder. LMFAO.
Fkn idiot s running our country
Butch Cassidy China Joe aint got nothing to do with fuel prices yet. Thats OPEC and OPEC + slowly tightening supply after they flooded the markets.
8x2x4 for $12 and plywood $70 a sheet this is Madness!!
I install wood floors the shit is killing me.
2pcs. 12' 4x4 acq, = 58$ ffs.
Madness? This...is...SPARTA!!!
Yes lumber prices are ridiculous. Every thing is going up. I thought we were in a pandemic and they were going to be easy on us. I guess they don't care about us anymore
I just built a new work bench out of....................... 1/4" cold rolled steel, because it was cheaper than plywood. Crazy shit......
Piedmont NC logger and lumber futures analyst- This is spot on.
You know what really makes me sickest about this video? When Regan was at the podium there are still politicians behind and beside him that are still in Washington today!!!!
IT is like "Where's Waldo" picking them out.... certainly Biden is in there, or looking the wrong way at something sparkly...probably a dress.
I thought some of those guys looked familiar, but just couldn't place them. But suspected as much.
Never trust a government program. Just a bunch of cronyism. They say the same thing about the poor, old and children. Gotta spend billioins of dollars. Meanwhile, the problems only get worse as we get more and more in debt.
Yep, and as worthless today as they were then.
Amen. It is time to get them out of office. All of them that been there over 8 years.
Start finding small local saw mills. Any lumber you can get from them helps the local community and takes away from the large greedy lumber mills.
This is the way...
Wish it were true, I just bought lumber from a small local sawmill. Douglas fir 2x8x18 $75.0 each
And 2x8x20 $82.0 each.
Painful 🤬!!!
@@frankmora7302 ouch, so even small umber mills are raising prices because large companies did the same. its a shame.
My husband is tearing old houses down for the lumber to repurpose to build what we need, helps save a lot of money on lumber just need to buy screws or nails
Me too
@@primordialsoftware9294 exactly correct.
1 or the other. .
If the lumber is old growth , tight grain long leaf pine or Cypress you'd be better off selling it for a lot of money and having your framing lumber delivered to you
Code for building, where I live, requires new lumber.
@@susanhighfield8284 sometimes antique wood could have pine beetles and other pest like termites,, sometimes it's just framing lumber that has to be new. sell the old antique wood and buy new lumber.. people make hi dollar furniture with it .. right now prices on new lumber went through the roof. The loggers aren't getting more and the big box lumber stores aren't getting more profits.. so who do you think is getting all the huge profits... The change happened in late January 2021.
I had to stop my home repairs because of these outrageous prices 😭
As a timber farmer, I confirm that we are hurting. 80 acres of pine, and nowhere to go with it. Thanks for an excellent explanation!
Man, that SUCKS! As the guy who owns the land and had to wait 20-30 years for the trees to grow, *YOU* should be the one getting rich! Grrrrrrrrrrrrh.
I guess I'll try to hold off as long as I can, in hopes it will *eventually* help me... and YOU!
Maybe 'sell it direct'.
You must not have any family owned mills left where you live in Mississippi we have a few family owned mills and a few mid size company mills that we can buy directly from bypassing the big box stores and getting them at a better rate I suggest all the small lumber mills start putting lumber on fb marketplace and sell directly to customers cut out the big box stores and big corporations
Post it up on craigslist sir.
@@justinjones6810 That's a greaat idea. I'm going to check it out. Thanks.
I live in a logging state and multi mill state,and there is no reason for the jacked up prices other than we need to stop exporting our lumber products immediately.
INANN How is living in a lumber state correlate with no reason for the increasing prices? What does exporting lumber have to do with high lumber prices?
There are plenty of reasons. And it has much to do with Federal UNFEDERAL Reserve, gluttonous pig govt., lobbyists, politicians, devalued currency based on petro and endless debt. Did you getyour stimulus chieck from this intentionally unleashed manmade virus result? Somebody paid for that. Guess who! I can't tell you yet becuause they aren't born. You nor I well be living when they are born. IF here is no reason for jacked up prices then was it a mistake? Well that's a reason isnt' it? ITs no mistake. It's criminal what's going on! People lke you that live in Washington District of Criminals see as much as you and I see not living there. Oh and that dude in this video you watched, he spoke like this govt shutting down the economy never existed. Naaw..that wouldn't have anything to do with it. Do you live in a state of confusion or one that was effected by a manmade Bill Gates/Anthony Fauci COVID virus?
@@jockoharpo2622 jocko, they WILL pay for it brother!!
Sure and we will stop exporting to you from canada. You want to see prices explode down there, don't tempt us.
The mill in my town has been manned and running 24 /7 the entire 11 yrs I've lived here. History previous to that is the same. That includes thru the fires of hundreds of thousands of acres! Burn our resources, turn it into supply and demand, the usual created situation. Just like was remmington really going bankrupt or did they manipulate the failure to sellout to ruger, now Remington is no longer an American owned company. ???
I know a driver who used to haul lumber out of a mill in NC. However they were a chain of lumber companies that China bought out. He said most of what they produced was going on ships and being sent back to China. Imagine that.
Beijing biden!
@@glenturney4750 Biden is just as wonderful as Trump.
@silverhorder1969 nd whats wrong with that ? oh let me guess if it was the other way around its alright with u but when u see foreigners doing it its not soo good after all 👌
@@25649sanchez Got a towel here for you to dry off with Sanchez
@@ToddTinley ... but trump cared about the U.S.... and I say that as a Canadian.
There is also video of big train yards full of lumber ready to ship, but not being shipped, just being stored, so that would inflate the supply and demand narrative as well for prices raising
Found half a dozen sheets of plywood stored in my shed from a couple years ago, felt like I'd struck gold! 😂
Nice. That's like finding $300 in your couch cushions!
Only if you find a buyer for it. Otherwise you are just paying rent on it. Unless you own the property outright.
Theres an abandoned meth house in my neighborhood, and thats being nice, that the owners were "renovating" before eviction. For almost a year theres been tarped up entire unused bundles of plywood and I'm throughly surprised it hasn't been stolen yet.
@@1454bryce Where your neighborhood sir??? Of course for research purposes only.
@@ganggangbang2313 ...... dibs.....
We just go buy our lumber from the Amish here in PA. No corporation in the middle.
I love Amish lumber.
I am sure they are hip to these prices and are also lineing there pockets too . Ritefully so would not expect them to sell much less then market value. There amish not fools.
@@DIYwithDave that's what she said
Can you tell me what the mill’s name is that you buy from?
@@thunder57 LMAO. that’s funny
I was farming in the early 80's - experienced to horrifically high interest rates while our wholesale prices were at an all time low. I too expected a video of myths but I must hand it to you - Great Explanation Dave ! - The Farm Bill definitely went amuck and will impact this country for years to come. Am now a subscriber. Thank you Dave.
Another thing that Dave did not cover was that our Presidents back then made the price of commodities back then drop be putting limits on which countries we could sell to. The farmers have always took a hit when the President try to put pressure on other countries. Like soybeans dropped $2 when Trump raise tarriffs on inport from China, China then turned around and put a tarriff on soybeans and overnight they dropped $2. So then soybeans had to be sold to another country and then sold to China on the books.They still imported soybeans but added a middle man.
@@tcwaterdrill Trump had a high tariff on lumber from Canada (is what was explained to me at the lumber store). Said Biden lowered it, and to wait until prices reflect the change later this year. huh
My solution: I have repurposed my time and excluded any activity that requires the purchase of lumber until further notice.
I stopped woodworking all together..
Yes me too
Exaaaaaaaactly!!!!!!!!!!
Fiiiiinally........ someone speaking with logic
I try to use shitty old scrap lumber that most people throw on a burn pile, but I still need to buy some new wood this year
I use scrap or repurpose. If i cant..then i wont use new lumber..screw them all and their absurd prices.
Good video. Confirmed. As a land owner in Vermont. We used to sell to a mill in Maine. It’s down. We cannot sell our hardwood and no one is buying pulp.
I don't know about other areas of the country but in the upper Midwest CRP acreage was not farmland converted into timberland. It was put into perennial grasses and native prairie type of grasses.
Just saw a video earlier today, posted by a guy in Vermont, in which he shows a rail yard full of building materials that were sitting idle. It looks like they are being held out on purpose. Card players call this tactic “sandbagging.” Seems to me like there’s a lot of that going on these days
Yeah, sure. Available locomotives? No one is sand bagging anything. Others will just sell and cut while he sits there with idle assets and accruing rail charges.
Talking to a truck driver who crossed the border with a load of fuel, they had him sit on it, until the right moment to send him back to the country of origin and sell the same oil back to them at a profit. So, yeah, "sandbagging".
@@sillililli01 That's not what's going on here. There are millions of board feet going out the door. If anyone is sitting on it these day, they are just losing money. If that is sitting in a freit car somewhere, they are pay stockage fees and missing out on the best lumber prices in over 20 years. Considering the bath they took in 2019, nobody's sitting on stock. If the guy isn't BSing you, the only way its sitting there is because it's architectural hardwood or finish grade wood. Everything else is going out the door as soon as it cut and dried. The most likely reality is that he ... has his facts wrong.
@@theccpisaparasite8813 Thanks for the comment. This is happening in Pennsylvania : Clear cutting all over the place - big stock market companies, international , shipping to China !!
@@nanallen1 now not much is being shipped to China, too expensive for them. Additionally, they have huge domestic lumber industry. What they are sending to China is finish and hardwood.
As aTimber Farmer, I'll say that you are spot on. Our Forestry Agent has advised us to wait on harvesting, because we will be getting far less than desired. In other words, if we sell right now it will make very little.
Absolutely!! If you are able to wait, then please WAIT!
Otherwise, all your time and effort becomes someone else's reward.
My conspiracy on that is they want to watch all of our forests burn down so you're not going to cut your trees cuz they just want them to burn
Wendy they cut so many trees down in the Sierras where I live. Constant flow of logging trucks daily. Please stop parroting this argument since it’s a uninformed stance on the issue. Also cows graze in the mountains every summer. Not sure where this argument came from but definitely from someone who did zero research. Call any logging company and ask
What percent of the lumber does the four companies mentioned produce ? Are they working together to set the price of lumber?
It would be nice to have info on big box companies and whether they've changed their margin on lumber. Also, I'm sure with a little effort the growers could combine to make more money AND get the big lumber companies to stop their artificial inflation of prices. And since the 3 companies you can get info on are all showing huge new profit a Federal Investigation should be started regarding their collusion and price fixing. It's illegal. I think they busted oil companies many years ago for the same thing.
Thanks for sharing this explains a lot, I was at Lowes yesterday a 2×4 ×8 was 9 dollars it just blew me away.
@John Doe not may, it will, you will never find it cheaper then now, same with food
$9? holy cow, last time I was there a 2x4 8 ft was almost $7.... they can shove their wood!
@Zach Sheffee I guess I"ll build with 2 x 3's then!!! :)
I worked for Menards for a long time until about 2008. I remember selling 8' studs for $2 and at the store level we were making maybe 2-5 cents per board. I recall during Hurricane Katrina lumber went up a bit...maybe they were around $3. A 1/2" sheet of plywood was around $17 and it went up to near $30. Gradually prices came back down, but then rose again gradually along with the natural inflation. Now an 8' stud is $8 and a sheet of plywood is $50. That is insane.
Here in Orlando a sheet of plywood is $120 and a 2x4 is $12.
@@LoveFineArts are you kidding me thats $3.75 sf....could that be because Florida is seeing a incredible influx of people moving there and public works projects are increasing also. Shortages, you should see the west coast when EQ and fires hit...costs go through the roof.
@@LoveFineArts SWEET MERCIFUL CRAP!!
@@scottgorman7166 Could be. The 2x4's were $9 just two weeks ago.
I'm in Northern British Columbia in a logging/forestry town. West Fraser is based here. Prices are still almost 2.5 times higher than this time last year. It's insane
I've been wondering about this issue, now this video pops up, what timing! They say when the student is ready the teacher will appear!! Thanks for the lesson!!!
Glad it was helpful!
I work at the Mill, and the Mill is paying less this year per thousand but charging well over double since the same time last year
I worked for a family owned company in the early 80's called the Pacific Lumber Company. I watched the timber industry go downhill when MAXAM Corp bought them out. The corporations control this like DeBeers did diamonds. Mills close but production increased through robotics. Corporations kept the money AND raised prices. There y I u have it.
The most important thing to remember about this is that its just helping to kill the houseing market along with small businesses.
They have want an absolute monopoly on everything. America is not free by any means anymore. People would rather sit around like zombies on tik tok than pay attention to actual news.
right.. they want rents to be 1500 forever in fact they want it doubled .. they want people to rent for their entire lives then after they die another person rent rent rent
@@jessiperry60 you are absolutely right. I live in North Carolina and you can't rent a trailer less than $1500 a month. The local government here is absolutely corrupt. What do they make money taxes on? A house on an acre or 25 plus high raise apts on an acre. We have zero farms left due to property tax increases and as soon as that farm is gone here come the multiplex $2000 month apartment. Your comment is spot on!
@@consueloloftis5342 we must fight back before america turns into germany.. a renter nation.. i dont hate the idea of having readily available units to rent for lifes unexpected gifts... but to expect 2 people to raise children in an apartment?house kind of thing just doesnt sit well with me... and the way they are not building new housing when the demand is clearly there is more proof of market manipulation... rent should not be over 1000 even for a 3br 2bth house with land and garage.. that would be 12k a year and x 5 years thats 60k of someones hard earned money.. makes my blood boil just thinking about it.....
@@jessiperry60 awesome points. It's all about the great reset bull shit. You will own nothing and be happy. Government wants to maximize their profits.
I'm from Germany and we a up 200% for lumber as off today
In the summer of 2019 I got 46 sheets of premium 3/4" T&G subfloor for 1 cent each when the local HD was discontinuing it. Rented their truck for $20 and had the whole pile for a grand total of $20.46
I still have about a dozen sheets from that haul. I feel like a rich man!
😲👀🤦♂️
Nice score
About $38 a sheet now..
$ 66 for osb and $ 98 for ply in those specs
IF you sell it now you can have a nice down payment on a new car or tractor.
I'm a timberland owner and can attest to the fact that timber value is at an all time low. In fact, over the past few years, many owners of southern yellow pine, have chosen to either sell their timber at $5 per ton (worthless) or doze the timber down and burn it so they could revert back to crop land. Pretty sad. I, on the other hand, have chosen to start my own family owned sawmill if the lumber prices remain high. Time will tell if doing so turns into profit.
That is fantastic. I am sure that it will take some investment of time and money and will be a lot if work, but there is a lot of opportunity there. Goid luck!
Harold, let us know how that turns out. My acquaintances in British Columbia with timberland are the absolute wealthiest people I know.
There’s such an abundance of pine after the Hurricane
Timberland owners need to setup their own saw milling operations to kick the butt of mega corps, private or public.
I'd gladly invest in that.
Where are you located? I'll buy from you!
You did a heck of a job with your research brother.
Thanks for great inf.
Wow. You really did a GREAT JOB explaining that!
Thank You for taking the time to look into all of that!
Appreciate it so much!!
Ecological reasons
Helps restore forest
I smart DIY guy said this year is a good year to paint. Don't do any projects unless absolutely necessary.
Yeah man, I wanted to build a workbench but I'm not paying $10 for a single 2x4. Insane
I've got some bad news buddy.. the solvent shortage has started. Got word from Sherwin Williams that prices are going up and supply is down. 2021 is the year of inflation for sure.
@@davidarnold2343 doesn't surprise me. The last year and a half has been absolutely crap.
Very good idea!
Painting is a project last I checked.
It's really so frustrating. I had to wait for permits to clear to build a small workshop that I need. I can't believe how much this project is going to cost me now. It seems to me everything is skyrocketing.. gas, food, everything. As they print money like crazy. This is unsustainable. I'm truly worried about the future of this beautiful country
But hey, inflation is actually down from 1.5% to 1.4%....right? Right? :(
yeah but at least our president isn't saying mean things on twitter, that's whats most important right?
@@zachary_attackery No matter how bad things get, demented democrats, will always find someone else to blame, other than who they voted for.
You had me at waiting for permits to build something on your property that you will be taxed on.Thatd classic government interference in your pursuit of making a living. You are spot about the money printing I am 75 years old glad I don't have to start over very difficult for young people today.
@@thomasdecato9786 Permits and variances- all paid for of course- for what is simply a shed. And of course there'll be increased property taxes as well. The working class is perpetually punished for trying to earn a dollar, or simply live in peace. I'll have to build and sell 5 guitars to simply break even with what this has cost me so far. I love what I do with all my heart, but this is so discouraging sometimes I feel like giving up. I won't though.. Never let them win. Ever.
Very informative. I’m glad you pulled the financials to show what is happening too
Thanks!
My dad has been in construction for 40+ years and said this has happened before where OSB jumped from $7per sheet to $25 stayed there for about a year then tanked back down to $4 per sheet. So i have hope. Once it tanks im definitely gonna stock up
I am making a list of SECONDARY & TERTIARY items that will HOLD IT'S VALUE over a few years... SMALL, FLAT , NOT BULKY , EASILY STORED etc...that I also use or need & DON'T ROT & HOLD THEM...
Do you recall the copper wire shortage when Romex went from $35 to $135? They blamed that one on "sudden worldwide demand".
I live near some OSB plants, they typically use natural disasters like hurricanes to jack up pricing. What scares me about this latest jump is there isnt any natural disasters to blame it on, just the pandemic that slowed production for a few months over a year ago. Timber prices were so poor last Fall that loggers in our area were having a hard time getting rid of jack pine. Theres some bad mojo going on in the timber/lumber world right now.
@@repetemyname842 yeah someone is making a killing and it isnt me lol
OSB from $15 to $55 in home depot today. Subfloor plywood from $19 to $79.
Hi Dave, I worked for Georgia Pacific for nearly 13 years. Now I work for McCoys building supply. So I have a little bit of knowledge from the production side of thing, as well as the retail side of it. First GP is owned by Koch Industries. They are making a killing off of this. And as you said, the retailers are not making too much. As a lumber yard supervisor I have to constantly explain to customers, the whole process of things. They complain to me saying we need to drop our prices. I tell them its not up to us who makes the price, its the manufacturer. Supply and demand. As long as the demand is there, the prices will remain high.
Thanks for sharing. It helps to hear from people in the industry.
I don't know all the details but what was/is the deal where only dead trees could be cut so trees were poisoned thus could be cut sooner. I think GP was charged with poisoning.
Maybe the company you work for should change suppliers.
That's just it. This ISN'T supply and demand. This is just demand for higher profits. The product is there, but just like diamonds, gold and oil it is being regulated by the corporations.
It has nothing to do with supply and demand... That's BS. The demand is there, but then so is the supply. Prices right now are artificially high. And it's not the "little guy" who benefits from it, it never is.
When the fire dept was building a fire lane through the mountains near my parent's home, they allowed my parents to have any of the trees they cut down that they wanted. My dad built his own small sawmill, and they built a 2 storey hand peeled log cabin. Free lumber.
That is awesome!
Doing the same in northern Canada. And plan to make more places to any that are wanting a better life an plan to come up here to live. A tiny cabin and out buildings. Why I didn't come up here sooner I save more money and make less here working and less time working than I did anywhere else. Get out of the cities get get your wild on and live! really live......
@@Old-biker sounds wonderful!
@@DIYwithDave if i had enough money to do that i would. My 4 children would hate me for it though.
outstanding !!!!!!!!!!!!!!!!!!
The great economist Milton Friedman once said " there is nothing as permanent as a temporary government program". Excellent explanation, btw..
Yeah, I read that about the highway tolls here in Maryland. It was started in the 1950's as a temporary toll where a fee was collected to help pay for the stretch of highway that ran through Baltimore, MD and the fee for the toll was supposed to end once the state has made enough money to pay for the costs of building that highway. However, despite having paid off for that stretch of the highway by the early 1970's the state continues to raise the price instead! Today the fee for crossing I-895 (Harbor Tunnel Thruway) is $4 each way compared to $.40 in 1957.
I am a forester in Mississippi. That graph on timber prices is spot on. I did the same thing for MS several years ago and the landowner timber prices are lower than ever. It is the mills controlling and benefiting from markets. They have run the game for years and the rest of the players suffer.
The smaller family owned lumber mills in Mississippi need to start selling the lumber at cheaper rates on fb marketplace they have to learn how to pivot this is the only way to stop this price gouging garbage if you get enough people to buy from you when home depot and Lowes still has lumber setting in the store not selling the companies will lower the prices of lumber coming from a central Mississippi native
They think everybody is rich in this country. The price is for everyone. But of course if you make 20 million dollars a year lumber prices doesn't matter to you. But if you make only 30 thousand a year and trying to raise a family then these prices suck it's not only lumber it's gas food. Insurance. DirecTV. EVERYTHING IS GOING UP WHEN IS IT GOING TO STOP. PEOPLE NEED TO LIVE. Why can't you keep the prices down where ORDINARY people can afford the products?
The mills control the supply and keeping it short when there is demand raises prices. This is illegal manipulation of the market.
Josh Skidmore:
Thanks for the info, sir.
I live in Florida, but own 100 acres in Mississippi (Claiborne county)
Pine trees there were planted around 40 years ago,
and we were wondering about the price of timber.
NOT the time to sell, obviously.
@@mrbrown6421 Your land is still in the best part of the state for highest Pine Satwtimber prices. Prices haven't changed much last several years, but I see lower prices working their way down from north to south. Contact a local registered forester in your area, but on face value, 40 years is approaching time to look at regeneration if your main objective is revenue. However, I would greatly consider mixed stand management going forward and keep my site prep costs down as low as you can. Unless something changes, you don't need to spend a lot of money (
Around here in Oregon companies like Weyerhaeuser own the timberland in huge tracts, and are buying more.
Same here in Canada. Sad part is Canada is sending way too much raw material to China.
Sad
That’s called a monopoly and it needs to be government regulated to protect the consumer!!!! Just like the government having to step in and break up the monopoly that Gates had with Microsoft. Had they not done that he and his partner at the time would’ve owned the worlds computer technology lock stock and barrel. So these handful of lumber company giants need to be regulated to protect the consumers.
I’d bet money 💰 that I ain’t got to bet With that if you follow the money trail........The large Stock holders in these 4-5 lumber Giants lead right back to Washington DC Politicians or the Billionaires that own Them!
“There’s your Answer”
People need to Boycott by getting more people buying small scale DIY sawmills and sell to their local people. If enough people in every county all over the country where there is timber, would buy a small portable sawmill, get logs from local private land owners. Then mill and sell to local folk. Even if it is on a small scale it would be enough impact nationwide that the lumber prices of big companies will have to fall or lose billions of dollars!!!!!
We the People need to speak up and petition the Government to regulate these large companies from gouging us the consumer!
It’s illegal for gas stations to price gouge and it should also be a crime for what they’re doing to the Hardware Stores & passing it down to us the consumers with their get rich off the pandemic scam !!!!!!!!!
ENOUGH IS ENOUGH
BOYCOTT & PETITION THEM.
I was one of those small mill owners and logger for 25 years. As was my father and grandfather. Weyrhouser put us out of business by offering land owners more for their trees standing in the woods than I received for lumber graded and delivered to them ( they were the only buyers for hardwood lumber in our area). Just as the small mom and pop grocery stores and filling stations were put out of business by price control by big business so has the small mill operator. Even if the small mill would start back up t would not take long before big business would slash prices just long enough to drive the small mill owner into debt. Small mill owners have a lot invested in equipment, inventory, monthly charges (fuel and electricity) and cannot survive long when faced with low prices for their products from their main buyer. Consumers tend to buy from the lowest priced source. For a short time the mill owner may sell his product while the big business gouges the consumer, but as soon as big business lowers the price beyond profitability for the small mill.......the small mills go away......as planned by big business for just what we are seeing now.
@@randyjamesrobertson they gonna have to face God one day for their dirty dealings! I hate that happened to you and your dad! I’m shaking my head 🤦♂️
We live in a tiny village where many are , timber lot owners, loggers, sawmill operators/owners and truckers. I’ll tell you right now, NO ONE is getting rich here.
I have tons of people near me that run mills (north carolina, where all the furniture comes from) but they want an arm and a leg.. $7+ per bf like they're sitting on gold.. And don't even get me started on reclaimed wood!
@@reforgedcriterion1471 it’s the same way here in the mountains of Virginia.
@@bv2010 It's enough to make me want to break out my alaskan mill and sell wet rough sawn for a buck less.. lol but I don't want to deal with complaints when whatever they're building turns into a funhouse!
@Gary Robinson plywood definitely not cheaper.. My laser cutting buddies are all up in arms right now. This same crap happened with 3d printing. Screw this economy.
I don’t understand... the bills they were paying are the same as it was 2 years ago!! There’s a snake in the woodshed we need to cut the head!
Remember ... they lost money last year. Not condoning such high profits, but we should look at the big picture.
It has nothing to do with bills. Its demand. There is a large large demand now. But the supply is low because there isnt enough lumbermills. So the ones that already exist can charge more because the demand is outstripping the supply that can be produced. The price isnt going to go down until either demand goes down...or supply goes up (more mills are built)
@@guardianali You are wrong. There is no more demand than events of years past. How many mills have you seen go out of business? If supply can't keep up then how do you explain the huge amounts of processed lumber stacked up at train yards and the lumber yards are fully stocked?? Watch Kens Karpentry recent video showing huge amounts of lumber being stored. There is NO shortage, you can buy all the lumber you can afford at any Lowes or smaller lumber yard.
@@jefffrayer8238 you are correct!!!
The lumber Mill in my town is putting out a less than desirable product and still going strong! Also my ex boss buys direct from 3 different Mills! While McNards and Slowes were failing to provide lumber for thier clients the smaller supply companies were kicking out lumber like it was out of style! My ex boss still had a full yard all year! And I still worked all summer doing decks!
I am a timber land owner in Georgia and your analysis is spot on.
Interior is making a killing here. Stumpage prices are at historical lows.
We need a COOP of timber land owners. Screw the big lumberyards. Either that ornthe imports will shut you ALL down. It's economics folks. Someone will find a way to do it.
Yes sir! Hauling logs with 3 trucks. Price at the stump is about 8% over 2020 as per my scale tickets from the mills.
dont forget the rioters and looters.
A friend who is building a home had to tack on an extra $13,000 onto the cost of their home almost overnight because of the insane increases of lumber before the first wall was even raised.
40k for someone i know
I've read that the average increase in price due to lumber costs is $26,000. That was in March so it may be more now.
$37k more is the latest figure that I heard . Over $8 for a stud grade 2x4x8 by me.
This is an awesome video for explaining it so dam well!
All profits are going to shareholders. This is why it’s expensive to live in the US.
Everything we consume comes from publicly owned corporations. And the primary objective of a corporation is to increase shareholders value.
This comes at the expense of the the workers and the consumer.
Thank you for such an informative video. I have been stumped as to the rising price of lumber. The fact that a few huge corporations are getting rich off the pandemic comes as no surprise.
Apparently the supplier for Home Depot and Lowe's has hired Helen Keller and Ray Charles to cut their lumber. It's all gone to shit.
I built a pier for my lake and used all cull lumber at 70% off for reenforecement of the planks. I only needed 4 foot sections and the bows were not really present in such a short section.
When was it good? The big box stores don't care.....
@@mailliw75 having worked at Homecheapo, and having the insight my father gave me (cabinet maker) i can honestly say the lumber HD got was never good quality.
That's been going on for years though. Especially at Lowe's. Even Stevie Wonder can see how bad the quality is.
When there's a "short" supply you can sell your lowest quality for a higher price and make a killing.
We are in Oregon, just over the border from California. Our Home Depot can’t keep lumber on the shelves for three reasons. 1. We’re just beginning to rebuild from the devastating fires we had in September. 2. COVID is winding down and projects are starting up again. 3. Californians are driving hundreds of miles to take advantage of tax free lumber to offset the sky rocketing price of goods. When I moved here two years ago I paid 7.99 for a 4x8 7/16 OSB yesterday they were 52.99 each!
I live in klamath falls and I can tell you home Depot has tons of lumber in long term storage that I delivered to...they just are keeping it off the shelf. And also Mills are only open a short time each day to pickup and deliver...if they really wanted to move lumber they would stay open longer then 2pm and open before 7am...
I was a sawyer in one of those smaller lumber mills for a long time. Then I moved to lumber grader. In 2007 the layoffs started. In 2008 the owner called the whole mill in early and let us all go without notice. He lost everything and so did most of us. Isn't life grand? I missed the part in school where the American Dream was meant only for those that were already rich.
It is. You just have to be business smart and disciplined. Smart business owners give themselves a margin of error for any unforseen circumstances. Those are the ones who become the "rich" you speak of.
@@jwill9877 that's a pretty big margin. Business smarts or just plain Greed. Think about all other business owners who are being affected here. For instance the handyman/ contractor can not sell a job to as many customers who are unwilling to invest in the next remodel, shed, deck or project that includes any type of wood until the price drops back to a reasonable price. So in the meantime the tradesmen and their employers are feeling the Squeeze. I find your logic to be very smug with very little depth.
@@alaskanken2132 it's not smug. It's called being a value investor. Benjamin graham is the father of it. You probably heard of his protege, warren buffett.
Basically if you are buying a business or starting a business, look at your profits, and look at your costs and liabilities. Figure out what the value of that business is, and don't pay more than 75 percent what that number is. If you can't get in for that price don't buy then. Keep looking and wait.
When the downturn comes, they always do, the ones that paid 100 percent or more than what the value of the business is, will not be able to survive. They won't have the profits to pay their liabilities.
Just quick Google search and I came up with two new sawmills being built (I'm sure there are more). In time more will come online and the market will be flooded with lumber. Prices will fall and the mills that got in late will go bankrupt.
Never believe what they tell you in the public indoctrination system or on the Tell lie Vision. The US is a foreign corporation and it's goal is to enrich the foreign investors. Do you really think the rich will tell you the truth in their media?
@@JesusIsaFlatEarther 👍🏽
“It is easier to lie to someone, than to explain to them they have been lied too...”
Everything is higher! This is only the beginning of the great reset! Get prepared for higher prices & shortages!
Yes. We haven't seen anything yet.
Buy precious metals to stave off Hyperinflation
@@pongod5751 what happens when the government says its illegal to own gold?
@@robertduklus6555 I wonder when they will do it again.
They do not want private business
I've started using rough cut wood directly from the sawmill. Saved a ton doing it this way
that fine if you dont need a permit to build, as you cant use ruff lumber on any permitted build. i can as i am in an un organized town ship. no permits needed, were a permitted build even a deck build, it must be engineered stamped..
@@arnoldromppai5395 depends on where you live. Rough sawn is fine here
@@arnoldromppai5395 I live so far back that we don't worry about any permits for anything. I even dug a pond, 1 acre, in my yard lol. I dont believe 8n paying for someone to inspect my work on my property. I don't see anyone else paying my land taxes
Rough cut doesn't meet any standards. For instance the rounded edges of a stud- there to remove the thin edge that catches fire so easily. Keep this in mind if you're ever buyin insurance or in court defending life or property loss in a fire trying to explain how you managed to build a building that doesn't meet code.
@@blackbirdpie217 well if someone dies I think defending why I didn't build my decks or property fence to code is the least of my worries
I used to work at the big blue box (not to be confused with the big orange box) and they sold most lumber at very minimal margins. Some treated lumber they actually sell at a loss but they more than make up for it in the markup of the screws, nails, and tools that go with it.
Well they must be making up for past lost time now with the high prices!
that's called a loss leader, they come in for the bargain and have to buy other things at full price to complete the job.
I work in the industry for a multi state forest landowner and your analysis is spot on. In the south, mills are excepting logs on allocation. More logs are available than there is mill capacity. We are hoping this improves as more mills are built, but that's a long term solution.
In Corinth Mississippi, a pine mill is going to be built with annual output of 250mm bf ... that’s 1 million board feet per day on a 5 day work week.
I worked at a port in central florida, bringing in tens of thousands of bundles of studs on each ship, with several ships arriving every month.
There has been no slowdown on imports whatsoever; in fact, the lumberyard is overflowing with imported bundles and ships continue to arrive.
Inflated lumber prices 'due to lack of supply as a result Coronavirus' absolutely a fabrication. But because lumber is such a necessary commodity, we continue to pay despite the lie. Similar to price gouging on gasoline before a hurricane, price gouging on lumber due to unfounded supply crises should be illegal.
Thanks fof your comment. It is interesting to hear from people like you who are seeing things first hand. Where are those bundles of lumber coming from? Europe? Also, were there slowdowns in imports last summer or has it been continuously busy?
Drive prices back down,,, consumers need to skip wood projects, no new houses, decks, pole barns... all my projects are on hold. I don’t need it that bad. Let’s all skip projects this year!
What about people that don't have it yet and want to get started? Just tell them they can't have a house?
@@glasslinger Come on man there are plenty of houses out there. People choose to buy new construction... they don't have to!?!?
As a flatbed truck driver I haul everything from steel, lumber, equipment, about anything that’ll load on an open trail we grab it!! I can assure you the drivers aren’t profiting anymore than usual in fact with fuel prices rising some lumber haul rates aren’t worth hauling it
You nailed it, lumber prices are expensive because shipping is expensive, because oil is expensive. The people making a killing on lumber is big oil. Everything is expensive right now, due to shipping being expensive. Weyerhaeuser's profits in that graph, was from the sale of land, not timber. They sold a ton of land in 1/4 4 of 2020 in WA state.
Yes and here in Canada carbon tax makes everything more and more expensive . On the end the consumer pay's the price.!!
Captain Flatbed I know truckers don't get the credit they deserve but what you do is still appreciated
With out you guys trackers the economy would come to a stop.
Keep up the great work.
Stop driving my truck 🚛 after it get to $5.00 a gal
Georgia Pacific is making all the money Dave. They own most of Maine and just a couple of years ago bought the OSB and pressure-treated pine companies. OSB was way cheaper than plywood until they raised the prices to cover the costs of the purchase. A sheet of 1/2" plywood was $8.00 started selling for $30.00.
It’s 50$ a sheet here
OSB here in upstate NY is $75 a sheet.
@@j.r.millstone what a complete robbery totally
Disgusting people should stop buying lumber
J.D Irving owns most of Northern Maines land and rail roads.
The Koch Brothers own Georgia Pacific
When I retired last year I was working at a big box home improvement store.I quit memorial day week and the price of 7/16 OSB was $13 and change per sheet.Less than one year later the same sheet of 7/16 OSB,same brand,is $58 and change per sheet.That is as of 5/1/21.
Wow, very informative and I don’t know what it was but the way you explained things and maybe your general tone made everything interesting and easy to follow along. A lot of times people talk so fast you’ll sit there and say what the hell did they just say.... rewind... but I am a land owner, I have harvested the land back in ‘08-‘09 but haven’t since. But I was looking to build on the property and WOW, try to get a contractor right now is impossible.. prices rise daily at this point. I’m giving up and will buy something already built and keep the land to vacation on or what ever.... but this is insanity what is happening, there is going to be a major crash I’m expecting... so I’m thinking park your backside somewhere comfortable and safe because we are in for the long haul... the scramble is on...
This is an excellent analysis, and an even better presentation. As a retired Military Officer and Research Scientist I've seen lots of short presentations on many different topics. I would rank Dave's organization of the material, analysis, and presentation as a model for others to follow. Great job.
He could be a trainer in any Fortune 500 company. Better than some I've had at two different Fortune 50 companies.
As a North Carolinian, I’ve learned to pre-emptively wince every time we’re used as an example because it’s almost never going to be good
@shovemedia: The reason might be that you people represent some of the worst qualities in a person. I find that many are uneducated, lazy, unimaginative, and petty. Go figure.
Lol. At least you’re mentioned. I live in Indiana and feel like our state is unknown. Lol
P.S. That other comment was harsh!
“You people?” As opposed to the boundlessly imaginative, curious, hardworking folks where you live?
Really? I thought my state (TN) was only talked about when it’s something crazy was associated with our state.
Wow Dave, you can really put together a concise, quality, well spoken video, nice work and thanks for the breakdown.
After watching the video advert i was still skeptical. But when i finally downloaded the plans ua-cam.com/users/postUgkxZF0EMnrujZvqHhGkxiz559uIABJWR9TG i was very impressed. The whole plan was just as you said in the video. Thank you very much. I now have a large and valuable collection for my woodworks. This is great!
I seen that Amish are selling lumber from sawmills at reasonable prices
Wish I lived near the Amish I live in Connecticut land of the unaffordable taxes we have some doozy politicians here Republican and Democrat in this state they mean the same
Take a lot of horses to power a sawmill, what are they using for power?
It depends. Some communities use electricity, some use pneumatics and others use steam. I visited an Amish sawmill if you want to check it out: ua-cam.com/video/o1xopXB8OWg/v-deo.html
@@twillison8824 in northeastern Ohio they use alot of small engines (kohler/Briggs) set up to run on natural gas and power distributed thru series of snatch blocks and pulleys.
If lowes catches those fucks they wont sell anything to them
The large weyerhaeuser mill here never even slowed down during the pandemic, and now the log yard is full, and they have so much finished lumber stacked up the forklift can't get around.
Let me know if you need footage for your next video.
I work for a Weyerhaeuser mill.....engineered lumber products (joists and LVL, etc). We're losing money every month.
@@mackyputt2073 why? Is my question is their a benefit to the company to lose money in the form of tax breaks
@@roblacey1511 Probably
The small lumber mills could easily take advantage of these outrageous prices by selling direct to customers through fb marketplace at cheaper rates than the big corporations this will make this greed trash stop learn how to pivot in business if not you will not make it
@@mackyputt2073 How do you know Weyerhaeuser is losing money at your location?
4/24/21 it's $68 a sheet of 1/2" cdx and $9.89 for a 2"x4"x8' at my local building supplier in MN.
Is that good or bad?
Rockin' great video - best I've seen in a long time - you really did your work and don't waste your viewers' time.
Thanks for the compliment!
The same problem happened in the pork market about 3-4 years ago. Somewhere in the middle they were making large profits but the producers were at lower than historical pricing.
Hey Ty Hunt...it's going to be the same thing on everything. IT's coming there maestro.
Government has enforced this same scenario on milk prices for years. Slowing down the loss of the family dairy but it has finally happened as most dairies have to be 1000 head or more just to afford the infastructure of a farm.
As a logger, it is really sad to see most everyone in the industry (myself included) struggling to make a living while the Koch brothers (owners of Georgia-Pacific) are raking in the dough.
They’re Koch-suckers?
They own more than people know..
They also own Guardian Industries, glass manufacture. I think they also have ownership in large scale farming related companies as well. Yea, F them... these are the people contributing to the insanity of our politics and country so we’re all nice and distracted while they fuck us..\
Yes koch industries are horrible. Charles and David. I worked for GP for nearly 13 years. I can tell ya from experience, they are corrupt. In 2008, Charles sent a company wide letter, encouraging us to vote for Obama.
Blame all the idiots who voted Biden and those who stole the vote. You font see biden trying to fix this issue nor will he by screwing the koch bros.
I'm shocked for the amount of information and research you are using here. Great job!!!
Thank you for doing this video. It was interesting to hear your assessment and it was obvious you have done the research and have put a lot of thought into this topic. Your thoughts were well articulated and presented to your viewers.
I've worked in a retail lumber yard for the past 20 years. All of our customers think we're getting bank off this. We just ordered 4 truckloads of OSB from GP and paid 65 a sheet for it. We are hardly making anything off of lumber right now. It's madness.
Maybe the company you work for should find a different supplier.
THATS B.S. LUMBER STORES JUST RIPPING US OFF
$65 a sheet doesn’t make sense? What thickness?
@@derekdaling5236 my daughter works Pro desk at HD. She told me $33-$37 per sheet. Still crazy but 1/2 of $65
@@katiekane5247 I’m in SC, just got my house floor quote from HD and OSB tongue and groove was 69 a sheet....
SO IMPRESSED - Thanks!
You, Dave, are the complete package in terms of research effort, knowledge, and ability to clearly and consisely share information. You give us all faith that brains have not turned into mush. Thank you so much. Definitely SUBSCRIBED.
The people making the biggest killing are lumber wholesalers and speculators who deal in Lumber as a commodity (like any other). But it's time to start buying shares in the big lumber companies you mentioned I guess. I feel bad for victims of wildfires who lost their homes (over 1500 houses burned to the ground 1500 feet down the hill from my house) who had their homes insured for a certain amount, but now reconstruction will cost far more than the insurance policy value.
It’s time to find alternatives.
unless they had replacement insurance(I do) That way if my home is destroyed it gets rebuilt no matter the cost
Most people have replacement cost policies.
@@MrSteeDoo - I have a "replacement" policy, but it only replaces the home up to the insured "replacement value" + a certain amount more (in my case, that amount is about $65K if I remember). All I know, is that my policy is likely not enough coverage to replace my home in a wildfire zone (and having gone through a devastating wildfire last year where 1500 homes burned down 1500 feet from my house).
It's not simply about the amount of coverage. It's about actually getting an insurance company to pay up once a disaster happens. Of the homes that burned down in last years wildfire (CZU Complex Fire), less than 1% of them have been rebuilt. Enough Contractors (General Contractors) and carpenters are not available and costs for those who are (because of massive competition) as well as lumber have increased massively.
@@Sovereign_Citizen_LEO So less than 15 houses have been rebuilt?
Very informative video, as a carpenter contractor, I can now explain to my customers why material prices are higher, THANKS
At these prices, it may be cheaper to make houses out of gold.
Or metal
Or lightweight concrete extruded via 3D printing technology
You could make them out of oak and not pay any more than if you build with pine.
I built a nice one bedroom house out of 5 sheets of plywood and it only cost me $375,000.
@@boxelder9167 🤣🤣🤣🤣
7/16 osb is $53 a sheet in my neck of the woods right now. About $47 more than what it should be.
I live in southwestern Washington. Weyerhaeuser own so much property when the market goes down they just let the logs pile up in their yard till it goes up and they start shipping them back out again they control the market you can easily see this in Longview Washington
monopoly
Yup
Fact. I can vouch for this in that area.
Most of those logs come from Canada where the USA purchased our sawmills then shut them down so they could take our raw logs. Now we have to import the timber from YOUR sawmills that were originally our logs. How fucked is that!
@@calvink991 Really? I thought Canada was very protective of their markets.
Saw a video which showed miles and miles of processed lumber . Sitting there !
All the people in the lumber industry from each state should rally together and set up their own major saw mill for each state. We will only get our materials from those mills and in the process we will lower prices and put them crooks out of business
The chinament will pay our own corrupt U.S. government to create laws that prolong societal instability.
Jay Tomson Indeed, nearly everything of 2020 was a CCP plot, executed by the CCP's domestic allies: the Democratic Party, The chosen tribe which must never be named, and the antifa and BLM terrorist groups.
All that gold !
"Sold a car, built a raised garden bed."
Too funny!
Personally make custom signs to keep myself busy since I’m retired. However, I’m done making signs until prices come down.
Shipping pallets
It's not just lumber places that have doubled and tripled. Everything else that goes into a house has also gone up , sometimes a lot more than Lumber.
COVID STIMULUS CHECKS (Borrowing/Printing Trillions) = Hyper inflation
Try buying metal studs. Go ahead. They are doing the same thing as wood studs, but not as rapidly.
Too much demand, too many $ in the marketplace, and not enough product.
The fun comes when the massive inflation hits. All this monopoly money that has been injected into the economy makes everything worth more $, but the $'s are devalued/worth less. The consumer gets screwed, again, when he has to fork over the higher taxes to pay for the "free" money he was so happy to have.
Great video Dave, yes I am a contractor in Atlanta. Prices are crazy. Your explanation was bang on. It sounds like investing in a sawmill may be a smart venture. I wish i would have seen your video a year ago on the big 5 companies...
Are you also going to pay an inspector to come and stamp all your lumber so you can use it?
Reclaim, recycle, reuse or find alternative materials, outrageous lumber prices be damned!
We were going to build a tool shop/small animal shelter this spring ...we changed our plan and are ordering earth bags ...now the work to fill the bags begins. We dug a pond for our animals and will reuse the dirt to build the building...ooooh my the learning curve is HARD but ...we are teaching our daughter AND ourselves a new skill set 😃 we estimate that it will take TWICE as long but might be stronger that our wood design.
Hurricane, tornado & fires....people will need to re-build. It will be interesting to see what effect this could have on homeowners insurance. Great video & thanks for sharing!
I’m wandering how long it will take for me to drive home one day and find that someone stole my wood fence, just like people stealing air bags from cars because they cost so much to replace after they deployed during a fender bender.
I live in lumber town, drove by the mill yesterday, lumber everywhere, more than I have ever seen
Ssshhhhhhhhh