Anyone Curious on Lumber Prices

  • Brian Klawitter
    Keymaster
    Minnesota/Wisconsin Mississippi River
    Posts: 59944
    May 15, 2021 at 8:09 am #2037023

    Think out of the box.

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    munchy
    NULL
    Posts: 4668
    May 15, 2021 at 9:06 am #2037028

    Maxed out the credit card for the new deck

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    deertracker
    Posts: 8967
    May 15, 2021 at 11:55 am #2037040

    Can’t even afford to get morning lumber. whistling
    DT

    Jeremy
    Richland County, WI
    Posts: 687
    May 15, 2021 at 1:41 pm #2037051
    iowa_josh wrote:

    There is a new tariff on lumber from Canada on top of everything else.

    Canada is having covid problems still. To the point of closing businesses down. It sounds a lot different than here. Whenever they get past that maybe they can put out more lumber? Is the border even open for truckers yet?

    The boarder is open for truckers, I really doubt it ever closed for truckers. I work on a custom glass tempering line and orders from Canada have been through the roof for a while now and it doesn’t help that orders from within the US haven’t declined either. We normally shut the line down for a week to do maintenance but didn’t do that in January because of demand

    TheFamousGrouse
    St. Paul, MN
    Posts: 11004
    May 15, 2021 at 2:58 pm #2037060
    iowa_josh wrote:

    There is a new tariff on lumber from Canada on top of everything else.

    Canada is having covid problems still. To the point of closing businesses down. It sounds a lot different than here. Whenever they get past that maybe they can put out more lumber? Is the border even open for truckers yet?

    To be clear, this is a tax put in place by the US, not by Canada. Tariffs are taxes on IMPORTED goods. This 27% lumber tariff was put in place by the Trump administration in 2017. It was recently cut to 9%. Why wasn’t it eliminated? Pressure from the US lumber industry to keep prices up on the US side of the border.

    Grouse

    munchy
    NULL
    Posts: 4668
    May 15, 2021 at 6:00 pm #2037090

    Train derailment in Albert Lea.

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    big_g
    Isle, MN
    Posts: 21849
    May 17, 2021 at 6:18 pm #2037419

    Time to start parting out the house….. jester

    Deuces
    Posts: 4909
    May 17, 2021 at 7:05 pm #2037428

    Went to grab some 2x12s and guy said can get lvl almost same price nowadays. doah

    munchy
    NULL
    Posts: 4668
    June 14, 2021 at 7:03 pm #2042725

    Ah the good ol’ days…

    Just found this picture in my phone, taken January 25 2020

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    munchy
    NULL
    Posts: 4668
    June 14, 2021 at 7:05 pm #2042728

    February 5 2020

    (Now $55….)

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    Eelpoutguy
    Farmington, Outing
    Posts: 9828
    June 14, 2021 at 7:43 pm #2042744

    Lumber has dropped a bit the last 2 weeks. OSB not so much.

    I tell ya, sure am glad I’m out of new construction. I hear Lead times are insane.

    Joe Jarl
    SW Wright County
    Posts: 1597
    June 15, 2021 at 1:34 pm #2042855

    Signs of hope. Plywood/OSB hasn’t leveled out though.

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    TheFamousGrouse
    St. Paul, MN
    Posts: 11004
    June 15, 2021 at 4:53 pm #2042907

    There is just no way I’m paying the ripoff prices. I must not be the only one. Lumber desk at Menards was like a ghost town, one poor lonely Menards guy there looing bored.

    The good news is I’ve never seen so much lumber in stock at Menards. For once they’ve got everything because nobody’s buying any of it.

    Hopefully, prices will keep coming down at the retail level.

    Grouse

    Joe Jarl
    SW Wright County
    Posts: 1597
    June 15, 2021 at 5:16 pm #2042914

    Speaking of Menards. They and HD have the best prices by far right now. Just put in an order today and they had plenty of everything I needed.

    bigpike
    Posts: 6259
    June 15, 2021 at 8:07 pm #2042934

    Yup, all the projects I HAD to do this year I did but kept it minimal. All the projects I want to do regarding lumber are on hold until further notice. I’ll wait it out

    JEREMY
    BP
    Posts: 2811
    June 16, 2021 at 9:41 am #2042991

    True or not I dont know. Heard on the news this morning that prices should go down significantly soon. Said supply restrictions are easing so the companies hoarding to keep prices up will be forced to sell.

    Gitchi Gummi
    Posts: 2704
    June 16, 2021 at 2:03 pm #2043042

    Just out of curiosity, who is getting the biggest slice of the pie in terms of these inflated prices? Loggers? the mills? distributors? retailers? or is everyone in the entire supply chain dipping their hand into this cookie jar?

    JEREMY
    BP
    Posts: 2811
    June 16, 2021 at 3:28 pm #2043059

    Probably some jackarss investors buying stock in lumber.

    Michael C. Winther
    Reedsburg, WI
    Posts: 1480
    June 16, 2021 at 4:13 pm #2043072

    It’s coming back down: 41% drop in lumber futures from their high in May.

    mxskeeter
    SW Wisconsin
    Posts: 3578
    June 16, 2021 at 6:27 pm #2043087
    Gitchi Gummi wrote:

    Just out of curiosity, who is getting the biggest slice of the pie in terms of these inflated prices? Loggers? the mills? distributors? retailers? or is everyone in the entire supply chain dipping their hand into this cookie jar?

    JMO but I think everyone is adding a percentage because they can—the demand is there.

    ?????
    Posts: 299
    June 16, 2021 at 10:20 pm #2043119

    Just an FYI it will drop we have Potlatch mills up north that now have more lumber than demand. Demand is still high but with prices at al all time high and inventory high it will begin to drop.

    IceNEyes1986
    Harris, MN
    Posts: 1230
    June 17, 2021 at 9:34 am #2043170

    I hope the prices keep dropping. I’m in serious need of a new deer stand this year. Looks like I’ll finally be able to afford it the weekend before rifle opener! yay

    munchy
    NULL
    Posts: 4668
    June 19, 2021 at 11:11 am #2043492

    ☠

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