Lumber

[BrandonWagner]

Prices seem to be heading back down.

Down $50 (6.6%) today at a level of $690. Down $220 over the last 14 days.

It was over $1300 two months ago.

[Saltydog235]

Housing starts are headed down, interest rate hike and looming recession are going to keep it headed down.

[BrandonWagner]

How long is the lag between a drop in the spot board-ft price and the price drop for the consumer?

[willyworm]

Wouldn't hold my breath

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[Birddawg]

I bought some 2x4x8PT last Friday for $6.98/ea. and thats what it was today.

[Southernduck]

A sizable mill owner told me last month that the lumber price is coming down. He said they were starting to see it in their operation and there should be a 4-6 month lag between his pricing and the retail. He cuts dimensional lumber that ends up in Lowes and Home Depot. Knowing I need to do an addition on my house, he told me to sit tight for 6 months in regards to lumber. I hope he is right because 3 females and 1 bathroom in my house is long past old.

[SwampDecoy]

It's going to move substantially lower in 4-6 weeks at Retail. If you have an account at a BFS, 84 Lumber or larger suppliers you may even see lower numbers this week over last.

[charlie horse]

I don’t even look at my tickets anymore. Keeps me from being stressed out.

[Slaya]

I'm dragging my feet on building my new house. The wife is beyond ready, but I will have a foundation ready in a few weeks, and then twiddle my thumbs a bit more until prices get better. Our last two spec packages made me hit the brakes with both feet.

[banded_mallard]

So y’all telling me I should wait to build my fence?

[dox08]

I got a quote back in January for an addition to the house and got the same quote today. The price difference was only $400 bucks. I was hoping for a much bigger difference being it was $1.40/ft compared to now at $.67/ft. I understand it may take some time to get the price down to the consumer but damn shit is still high as giraffe pussy.

[WoodieSC]

So y’all telling me I should wait to build my fence?

It would seem like that’s what they’re saying. I know I’m going to wait a few months before I even think about replacing my deck.

[Remy]

I got a quote back in January for an addition to the house and got the same quote today. The price difference was only $400 bucks. I was hoping for a much bigger difference being it was $1.40/ft compared to now at $.67/ft. I understand it may take some time to get the price down to the consumer but damn shit is still high as giraffe pussy.

Contractors aren’t going to quote a lower price until they run out if work which means until a recession hits.

[BrandonWagner]

$562 today, down $130 since this thread started.

Any contractors seeing a drop in consumer prices yet?

[Saltydog235]

$562 today, down $130 since this thread started.

Any contractors seeing a drop in consumer prices yet?

A little, gone from WTH to aw shit.

[scdiver]

Looking at building a house, hopefully it keeps coming down.

[tprice]

Mortgages apps just hit a 22 yr low

My guess is this will bring lumber tumbling

[Frank1]

replacing the boards on my deck, cople weeks ago 5/4 x12' boards were 19.99 and trex was 24.00, then I ordered trex and the 5/4 boards were around 15 bucks. Still went with trex, The new PT stuff just dont last like the old ones did

[WoodieSC]

Prices seem to be heading back down.

Down $50 (6.6%) today at a level of $690. Down $220 over the last 14 days.

It was over $1300 two months ago.

Brandon, what product are you using as the reference for these prices? Just curious.

[BrandonWagner]

NASDAQ lumber commodity price per board foot.

https://markets.businessinsider.com/...s/lumber-price

It’s akin to gas prices and “cost of a barrel of petroleum” commodity price.