The price drop will only be transitory.
Will ammo do the same?
I seriously doubt it.
2x12x16ft... 65 bones
Restart the CCC Camps.
Nope. Never happen. SloJo and the Ho will see to that.
They’ve already sparked the kindlin’ under the inflation fire.
Well 7/16” OSB sheathing is down from $56 to $46 so that’s something. Will it go back down to $9 per sheet? I doubt it. Prices never go back down to original after a rise.
Remember when obama gas prices went up and so did motor oil? Gas went back down but motor oil never really did. Went from 2 to 6 and back down to 4. Overton inflation.
I’m not sure how open folks are to this bit of reality, but the lumber price spike wasn’t purely a Biden phenomena. Trump’s trade strategy set it in motion by adding tariffs onto Canadian lumber (Also pushed the price of steel up 25%, which began to incentivize more US steel production which is strategically very positive.).
Historically low interest rates and a nation stuck at home for a year tackling remodeling projects and rethinking working from home also played big parts, as is the nature of the lumber industry which is not built to respond to changing supply factors quickly.
Not everything is “my side good, your side bad”
Inputs like energy, payrolls and taxes are up and not likely to recede.
Secondly, why should lumber prices drop when builders are paying the higher costs? The pricing will fluctuate, but they will not return to Trump level normal while Biden and his brown shirts rule the roost.
Local lumber yards are the fullest I have ever seen, both logs and finished lumber. The bottleneck is apparently shipping, not enough drivers.
Looking forward to $3.00 2x4x8s again.
This farm runs on 2x4s!
Sure hope so. I’m waiting to do 2 projects because of insane lumber prices.
Hi.
“the Federal Reserve’s monetary policy”
No mention of government regulations (Agr, BLM), or treaty compliance (State)?
Those can be two nasty variables.
5.56mm