Posted on 04/17/2021 7:59:37 PM PDT by BenLurkin
Soaring lumber prices are holding back a U.S. housing market.
The number of building permits issued in March rose 2.7% month over month to a seasonally adjusted annualized rate of 1.766 million. The uptick is a mere blip on the radar compared with the 19.4% increase in housing starts, which grew at their fastest pace in nearly 16 years. Typically, building begins within two months of issuance, according to the National Association of Home Builders.
Some developers have "held back on projects on the expectation that prices will soon fall back," wrote Matthew Pointon, senior property economist at the research firm Capital Economics.
(Excerpt) Read more at foxbusiness.com ...
ping
I have heard getting it on the ground processed and transported is a problem.
Labor shortage.
I was going to put up a fence. I think I’ll wait till next year.
Once the Covid foreclosure ban is lifted, over 5% of all homes are going to be foreclosed upon by the banks. The 2008 Housing Crash "only" saw 3% of homes taken. This next one will be twice as large. Growing the housing market right now will only make that even worse when it comes.
Hubby enclosed a carport to put our golf cart in (his trailer was in there). He’s a wonderful carpenter (not his trade) but he was talking about how high lumber is especially plywood. Higher than a cat’s back.......
Trump’s tariffs on Canadian lumber so much winning!!! YEAH! 👍👌😬
The FR Socialist nationalist populist Neocom brigades to blame sleepy Joe in 5,4,3,2,1
FR socialist nationalism populism bc our socialism is better than their communism 👍
My wife and I have been waiting on our new oven and cooktop to ship for three months. Crickets. You know, death virus and all. Every meal is cooktop, microwave, or crock pot. I replaced a few rotten 4x4 fence posts last morning. The prices have more than doubled. I sold some timber off of some land that I have last year. I did not receive value pricing.
Last morning??? Last month.
March statistics show rail traffic has ‘rebounded’ from pandemic slump, AAR says
Any viewer of the unnngh! thread can perfectly understand why a worker would rather collect a check from government than cut down those trees!
I read the draconian Canadian lockdowns are killing the supply chain.
$18.50 for a PT 4x4x8’ today; it was a third of that last year.
yet I priced a 24 foot steel tube for a project and same price as two years ago.
My neighbor was just quoted over 12k to reinstall new wood on his small deck. Last year it would have been about 4k or 5k for the same job.
Crazytown prices!
bookmark
Nope.
Yeah, about the same here. I opted to go with the cheaper landscape timbers instead. I hate my backyard fence anyway.
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