Lumber prices and alternatives

Jody Treadway

Croc wearing fool
Moderator
Joined
Mar 20, 2005
Location
Hendersonville, NC
Lumber went up last Friday am as well a big jump on wide dimensional lumber this morning. We are expecting a big jump in prices effective Friday am.
I have been encouraging multiple customers to get purchase orders in ahead of time so I can lock in their costs.
It's about to get real...
 

sammi_davis

Sawzall Surgeon
Joined
Oct 23, 2005
Location
Eden N.C.
Lumber went up last Friday am as well a big jump on wide dimensional lumber this morning. We are expecting a big jump in prices effective Friday am.
I have been encouraging multiple customers to get purchase orders in ahead of time so I can lock in their costs.
It's about to get real...
We have loaded up heavy over the last four weeks in anticipation of this , its going to be ugly.
 

CLRracer

Mopar Nut
Joined
Mar 20, 2005
Location
Archer Lodge
meme.png


Duane
 

Jody Treadway

Croc wearing fool
Moderator
Joined
Mar 20, 2005
Location
Hendersonville, NC
Who wants bad news?
7/16 OSB is now over $50 per sheet wholesale. The box stores have old stock on hand cheaper, but if I place an order today for 1 bundle or a truckload, I'm over $51 per sheet. EEEEEEEK!
Subflooring is climbing like mad. Dimensional lumber is expected to make another triple digit jump by end of week. Plywood mills in the region are off the market. Meaning what they're making is already sold and as a result, they aren't offering extra material.
For my customers who pre-ordered and are letting us invoice them and store it until they need it ( @No fries ), y'all made an excellent decision in doing so.
 

Bogleparsons

Well-Known Member
Joined
Nov 19, 2011
Location
Lillington, NC
So
Who wants bad news?
7/16 OSB is now over $50 per sheet wholesale. The box stores have old stock on hand cheaper, but if I place an order today for 1 bundle or a truckload, I'm over $51 per sheet. EEEEEEEK!
Subflooring is climbing like mad. Dimensional lumber is expected to make another triple digit jump by end of week. Plywood mills in the region are off the market. Meaning what they're making is already sold and as a result, they aren't offering extra material.
For my customers who pre-ordered and are letting us invoice them and store it until they need it ( @No fries ), y'all made an excellent decision in doing so.

Something has to give. And when it does, it's going to be very bad .
 

Jody Treadway

Croc wearing fool
Moderator
Joined
Mar 20, 2005
Location
Hendersonville, NC
So


Something has to give. And when it does, it's going to be very bad .
I get what you're saying, but I don't see anything giving. Demand is insane right now, like crazy insane. They can't make it quickly enough. It's been this way for the better part of a year and a half as far as supply/demand goes. There's been some up and down movement in costs sporadically. But here we are not even in the busy season yet and Advantech is nearly $90 a sheet, 2x4 #2 is nearly 1800/m and OSB is nearly $60 retail. It's crazy.
 

Loganwayne

#BTL
Joined
Feb 15, 2013
Location
Clyde, North Carolina
Send em my way. I don't know what I'm doing, but there's enough dollaz there I can get it close enough.
ive got just the lady to send to you. Last time we were there she walked out in a two piece bikini and offered us cake... now that sounds nice until you realize shes in her upper 80s German and barely speaks English and doesnt have a pool or hot tub.
 

tlucier

Well-Known Member
Joined
Jun 3, 2007
Location
Mebane, NC
A friend of mine is a contractor and he's doing a roofing job. He picked up 60 sheets of 5/8 plywood roof sheathing to the tune of $4K
 

RatLabGuy

You look like a monkey and smell like one too
Joined
May 18, 2005
Location
Churchville, MD
ive got just the lady to send to you. Last time we were there she walked out in a two piece bikini and offered us cake... now that sounds nice until you realize shes in her upper 80s German and barely speaks English and doesnt have a pool or hot tub.
you misspelled coke
 

ecu88xj

Well-Known Member
Joined
Jul 5, 2005
Location
joco, NC
@Jody Treadway , I'm curious what your take is on lumber futures nose diving; when can i expect to see a difference in the cost of an upcoming deck package?
 

Jody Treadway

Croc wearing fool
Moderator
Joined
Mar 20, 2005
Location
Hendersonville, NC
@Jody Treadway , I'm curious what your take is on lumber futures nose diving; when can i expect to see a difference in the cost of an upcoming deck package?
I read daily reports from investors and market analysts. It's all way over my head and pay grade especially since our inventory rotates faster than the market moves.
But with that said...I think we will see dimensional lumber drop another 15% or so by July. Panels are still in high demand and you can't make them as fast as lumber. So, I predict plywood/OSB will make a small correction and lumber around 15%.
But...as we approach hurricane season, homeowner repair/update season and the "busy" time in general, the mills won't forget that customers were willing to pay whatever it cost for the last 2 years.
This is specifically why we keep our business small and offer limited specialty goods. You can lose a metric poop-ton of money on commodity items like framing lumber, OSB and subfloor when the market drops.
 

shawn

running dog lackey of the oppressor class
Administrator
Joined
Mar 13, 2005
Location
Raleigh, NC
I expect lumber prices to bounce here.
 
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