wood prices.

[LUCKY 7]

Fence boards bought on April 9th $6.68 today $7.99. These are 6' treated fence boards. Wow is wood getting expensive. The sale guy said prices go up every week. Buddy bought 4 sheets of 3/4 plywood last week $118 per sheet. Kinda wonder if the prices will EVER go down???

 

[ferniesnow]

Fence boards bought on April 9th $6.68 today $7.99. These are 6' treated fence boards. Wow is wood getting expensive. The sale guy said prices go up every week. Buddy bought 4 sheets of 3/4 plywood last week $118 per sheet. Kinda wonder if the prices will EVER go down???

Good thing you are not fencing your whole property!!

 

[LUCKY 7]

My pension couldn't afford it.

Good thing you are not fencing your whole property!!

 

[Trashy]

Still going up another 20% and no it will never go back down.

Consider the price of a new house in Jan and then in June. Probably a $50,000.00 increase, because of wood.

 

[LUCKY 7]

Crazy thing is all the rest of the stuff that goes into a new home is also going up

Still going up another 20% and no it will never go back down.

Consider the price of a new house in Jan and then in June. Probably a $50,000.00 increase, because of wood.

 

[ferniesnow]

My pension couldn't afford it.

Somebody told me you could doo it! I think he said, "easy money!"

 

[Legend14]

When the liberals tariffed drywall it never went back down.

 

[catalac]

The long lasting effects of supply and demand when lumber mills closed for a few months due to covid policy.

 

[LUCKY 7]

Hey I know that guy. Rides a good sled too!

Somebody told me you could doo it! I think he said, "easy money!"

 

[freeflorider]

Still going up another 20% and no it will never go back down.

Consider the price of a new house in Jan and then in June. Probably a $50,000.00 increase, because of wood.

yes I am trying to get our build started ASAP. Us contractors are not seeing a increase in rates and when I ask the mill if I can buy lumber at last yrs prices they said NO! Get back to work...ugh.

 

[The big greasy]

Fence boards bought on April 9th $6.68 today $7.99. These are 6' treated fence boards. Wow is wood getting expensive. The sale guy said prices go up every week. Buddy bought 4 sheets of 3/4 plywood last week $118 per sheet. Kinda wonder if the prices will EVER go down???

Were those sheets treated?

 

[Flapjack]

I need 8 sheets for my project, paid $64 for shop grade 3/4 birch, both sides are real good. Plain 3/4 sheathing $90 +

 

[LUCKY 7]

he didn't say they were

Were those sheets treated?

 

[The big greasy]

I need 8 sheets for my project, paid $64 for shop grade 3/4 birch, both sides are real good. Plain 3/4 sheathing $90 +

Buy a lift of birch before it goes crazy lol!

 

[Stompin Tom]

The reason lumber is so high isnt relevant to the shutdown of a few mills last year. What is driving the price is pent up income from the middle class who havnt been able to go on holidays and other spare time adventures being stuck at home. Now they have some extra cash from not going on those hollidays. Covid has affected the lower end of the income chain, but has had little effect on the middle income, and now everyone is sitting around home in their spare time staring at the walls and thinking about renovations. A recent poll showed that over 60% of households in Canada have some sort of renovation planned this summer, despite the rising price of lumber.

All I can say is keep it up, we ended up having one of the busiest winter seasons logging that we have had in years and our summer is already looking to be a record breaker in our area. And yes, our rates have gone up, not to the pace that lumber has climbed, but the effects are starting to reach the ground level.

 

[Frosty19]

Everytime I look theres some new "reason" (excuse) lumber is as high as it is. If people keep paying it will keep going up.
My cynical side sees the government handing out money and people paying over the top prices for everything from lumber to used vehicles/toys/RVs "because they can't travel" but once the covid settles down there will be whole new set of financial problems to deal with.
I would like to have seen what the average person spent on traveling before covid. You can't say people spend 7k on a trip a year now all of sudden have an extra 50k to spend on toys or a house lumber package because they haven't traveled for 2 years.

 

[sirkdev]

South of GP Canfor harvested anything that was 4" or bigger it was nuts this winter.

The reason lumber is so high isnt relevant to the shutdown of a few mills last year. What is driving the price is pent up income from the middle class who havnt been able to go on holidays and other spare time adventures being stuck at home. Now they have some extra cash from not going on those hollidays. Covid has affected the lower end of the income chain, but has had little effect on the middle income, and now everyone is sitting around home in their spare time staring at the walls and thinking about renovations. A recent poll showed that over 60% of households in Canada have some sort of renovation planned this summer, despite the rising price of lumber.

All I can say is keep it up, we ended up having one of the busiest winter seasons logging that we have had in years and our summer is already looking to be a record breaker in our area. And yes, our rates have gone up, not to the pace that lumber has climbed, but the effects are starting to reach the ground level.

 

[Stompin Tom]

Everytime I look theres some new "reason" (excuse) lumber is as high as it is. If people keep paying it will keep going up.
My cynical side sees the government handing out money and people paying over the top prices for everything from lumber to used vehicles/toys/RVs "because they can't travel" but once the covid settles down there will be whole new set of financial problems to deal with.
I would like to have seen what the average person spent on traveling before covid. You can't say people spend 7k on a trip a year now all of sudden have an extra 50k to spend on toys or a house lumber package because they haven't traveled for 2 years.

Not everybody is spending 50g on reno's. There is a huge amount of people doing those 5-10g reno's that are really driving the market. Take a drive down to your local Home Depot and check out the parking lots, jammed packed!

Its not just travel, eating out has been curbed, trips to the lake, to the hills, travel in general. People spending more time sitting at home staring at the walls.

As was said earlier, its all about supply and demand and demand has reached epic proportions, far outreaching anything anybody could have dreamed of. Right now mills are running flat out, adding shifts and still cant keep up with the demand. They have never seen anything like it.

 

[Frosty19]

Not everybody is spending 50g on reno's. There is a huge amount of people doing those 5-10g reno's that are really driving the market. Take a drive down to your local Home Depot and check out the parking lots, jammed packed!

Its not just travel, eating out has been curbed, trips to the lake, to the hills, travel in general. People spending more time sitting at home staring at the walls.

As was said earlier, its all about supply and demand and demand has reached epic proportions, far outreaching anything anybody could have dreamed of. Right now mills are running flat out, adding shifts and still cant keep up with the demand. They have never seen anything like it.

I'm.in the middle of the residential custom homes and renovations market in the architecture field. People doing 10k renos don't need lumber that's all finishes. Lumber packages for custom houses have went up over 100%

Eating out is still allowed if you're less than 4 per table (at least here) and I'm.still allowed to go to my cabin and.use the boat and quads. Until some one show me numerical stats of eating out and travel its not offsetting the excuses other people are stating for lumber and recreational costs.
Unless mills are slowed down by covid personnel issues there shouldnt be anymore demand all things being equal (or staring at a wall) apart from a personal inflated sense of disposable income.

I agree with the supply demand as I mentioned. The prices will continue to rise as long as people pay.

 

[Stompin Tom]

I'm.in the middle of the residential custom homes and renovations market in the architecture field. People doing 10k renos don't need lumber that's all finishes. Lumber packages for custom houses have went up over 100%

Eating out is still allowed if you're less than 4 per table (at least here) and I'm.still allowed to go to my cabin and.use the boat and quads. Until some one show me numerical stats of eating out and travel its not offsetting the excuses other people are stating for lumber and recreational costs.
Unless mills are slowed down by covid personnel issues there shouldnt be anymore demand all things being equal apart from a personal inflated sense of disposable income.

Your entitled to your opinion, but it is wrong. The demand for lumber is at a record breaking pace that has never been seen before. Mills in BC are running at record production rates and ramping up for more. Trust me, when you have record prices for nearly a year, you ramp up as much as you can. Hell, in the USofA they are even importing lumber from Sweden, the highest cost producer in the world. That is how far the demand has driven the market.

Around here try getting a contractor. Most are booked for 18 months or more. Its hell on wheels in the construction industry.

In BC restaurants are closed to dine in once again, and when they were open it was limited capacity. Travel is restricted, people are staying home.