Building Materials Prices Soaring!

[bobdeb]

We recently had some material estimates quoted for a small addition we were planning up here in Northern NE.

Material prices have soared! A single spruce 2×4×8 is now about $12. One sheet of 2x4x8' Advantech is closing in on $90!

Prices are rising are so quickly that the material quotes are good only for a single day.

Is this the same in TV? Are new home prices there climbing substantially?

When will this subside?

Glad we bought in TV back when.

[Stu from NYC]

Prices of materials going up all over the world.

[Northwoods]

We recently had some material estimates quoted for a small addition we were planning up here in Northern NE.

Material prices have soared! A single spruce 2×4×8 is now about $12. One sheet of 2x4x8' Advantech is closing in on $90!

Prices are rising are so quickly that the material quotes are good only for a single day.

Is this the same in TV? Are new home prices there climbing substantially?

When will this subside?

Glad we bought in TV back when.

Yes. I’m having a small project done and the contractor said lumber has increased 400%.

[Aces4]

We recently had some material estimates quoted for a small addition we were planning up here in Northern NE.

Material prices have soared! A single spruce 2×4×8 is now about $12. One sheet of 2x4x8' Advantech is closing in on $90!

Prices are rising are so quickly that the material quotes are good only for a single day.

Is this the same in TV? Are new home prices there climbing substantially?

When will this subside?

Glad we bought in TV back when.


When will it subside? Inflation is getting out of hand. Hang on for the bumpy ride... downhill.

[Two Bills]

Always use a crisis to increase profits!
See how much prices drop when production is back to normal.
It sure a heck wont go back too pre crisis levels for a long time, if ever!

[vintageogauge]

When will it subside? Inflation is getting out of hand. Hang on for the bumpy ride... downhill.

Wait a minute. We are told daily by our government that inflation is well under control. Yesterday I was considering buying a small fresh turkey until I saw that it was $42.00 at Publix.

[Rango]

But, we do have toilet paper!

[EdFNJ]

But, we do have toilet paper! Not for long. Start hoarding now or don't toss out your phonebook!

[sail33or]

People, you have not seen (or felt anything) like what is coming.

The Country has seen unbelievable "things" happen (via the subject we can't mention). And the sheep (us) just watch. We will get exactly what we deserve for our non action in the coming year.

The Media is NOT reporting INFLATION, you are now just seeing with your own eyes. The more you squeeze something (Fossil) fuels, the more they go up in price. And everything (including electric cars, solar panels and wind mills) come from OIL. Oil is way, way up and it is going to skyrocket taking everything with it. You can't have food without OIL. Can't have lumber without OIL.

Buy Exxon is all I can say or watch your savings vanish. (And I know some would never buy an OIL Stock. They will learn the hard way.

[Rwirish]

Don’t worry, inflation and the southern border are under control.

[J1ceasar]

Fresh turkeys were always expensive, you can still get chopped turkey meat 3 lb at 10 bucks

[J1ceasar]

Just wait till all the retirees will get five or seven percent increases next year, and you're home will suddenly increase 30% in value so those are some advantages to inflation. In fact economist prefer to have inflation versus deflation

[Bay Kid]

Just wait till all the retirees will get five or seven percent increases next year, and you're home will suddenly increase 30% in value so those are some advantages to inflation. In fact economist prefer to have inflation versus deflation

Your house might go up 30% but then if you buy another home that also went up 30%. Inflation. It has been an amazing 4 months.

[DrBrutyle109]

I think it started in November 2020

[elevatorman]

US timber industry has been crippled by trade war and Covid-19 — Quartz (https://qz.com/1934494/us-timber-industry-has-been-crippled-by-trade-war-and-covid-19/)

[hrenner]

The whole world, hater :)

[jdulej]

Some people seem to be wishing for the economy to tank with a return of high inflation. Fortunately, I think those folks will be disappointed. IMO we are in the middle of demand far outstripping supply as people get back to work and start feeling better about spending more. This will settle down by the end of the year.

[Andyb]

You have to ask yourself, what has changed these last 4 months?

[Hape2Bhr]

You have to ask yourself, what has changed these last 4 months?

I blame it on Sippy Cup. :icon_wink:

[Pedrocarrasco01@yahoo.com]

When will it subside? Inflation is getting out of hand. Hang on for the bumpy ride... downhill.
Inflation is on the way, more here, I have seen the dollar (at one time the strongest currency in the world) against 2 other currencies.
Dollar against Mexican Peso in October 2020 one dollar was worth 22 pesos, today one dollar is worth 19 pesos (going down)
Dollar against euro in May 3rd 2021 dollar was worth 0.834 Euros, today it’s worth $0.81, conclusive reports look at the dollar going down 10% within the next 12 months, that is not sustainable. This is not political, however all of us work extremely hard and saved all our lives so we could relax and don’t worry about extreme inflation as it’s happening today. May God Bless America!!!!!

[Bogie Shooter]

You have to ask yourself, what has changed these last 4 months?

millions of people have been vaccinated.

[Maryland Girl]

Don’t worry, inflation and the southern border are under control.

Good policies lead to good outcomes. That is good governance, which is lacking right now.

[John41]

We recently had some material estimates quoted for a small addition we were planning up here in Northern NE.

Material prices have soared! A single spruce 2×4×8 is now about $12. One sheet of 2x4x8' Advantech is closing in on $90!

Prices are rising are so quickly that the material quotes are good only for a single day.

Is this the same in TV? Are new home prices there climbing substantially?

When will this subside?

Glad we bought in TV back when.

Printing money and paying people not to work. Plus woke complaining doesn’t build anything. And media lies and coverups to keep public ignorant.

[lpkruege1]

I disagree. Remember the Carter years. 18% interest on home loans? Gas lines. Shortages. Stock market in the tank. Stag Flation. History repeats itself when we fail to teach history to our children.

[DAVES]

We recently had some material estimates quoted for a small addition we were planning up here in Northern NE.

Material prices have soared! A single spruce 2×4×8 is now about $12. One sheet of 2x4x8' Advantech is closing in on $90!

Prices are rising are so quickly that the material quotes are good only for a single day.

Is this the same in TV? Are new home prices there climbing substantially?

When will this subside?

Glad we bought in TV back when.


That is called inflation. The CPI consumer price index is up 4.2%.

When, will it subside? Beats me. Will it end well? I hope so but I don't think so.

[DAVES]

I disagree. Remember the Carter years. 18% interest on home loans? Gas lines. Shortages. Stock market in the tank. Stag Flation. History repeats itself when we fail to teach history to our children.

That thought is endless. Teach history? I find that subject fascinating. History, is for most indoctrination. Reality is far removed from what is fed to us in school. We have turned people into either good or evil. No one is totally good or totally evil and yet we expect and demand and accept that.

[DAVES]

Inflation is on the way, more here, I have seen the dollar (at one time the strongest currency in the world) against 2 other currencies.
Dollar against Mexican Peso in October 2020 one dollar was worth 22 pesos, today one dollar is worth 19 pesos (going down)
Dollar against euro in May 3rd 2021 dollar was worth 0.834 Euros, today it’s worth $0.81, conclusive reports look at the dollar going down 10% within the next 12 months, that is not sustainable. This is not political, however all of us work extremely hard and saved all our lives so we could relax and don’t worry about extreme inflation as it’s happening today. May God Bless America!!!!!

I am truly strange. I deal with what is not what should be and I accept responsibility for the choices I make. I only control a very small part of the future.

I hope I am wrong. I don't see any way this will end well. Printing money. The gimmmmeeeeessss cheer but so do investors. Imagine, retired people got covid aid checks to offset income lost from work.

Self responsibility is seen as stupidity.

[DeanFL]

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Just heard on the radio - from Home Depot, plywood.... $68/sheet - DOUBLE in 4 months. The FL contractor who called into the talk show said he gives his remodeling etc bid to homeowners with a 48HOUR provision that it will need to be renegotiated if not locked in - 100% because of material prices... yikes. He commented that he also went to Autozone for an air filter - DOUBLE this year, and cans of spray paint same. .... hunker down folks.
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[Aces4]

.
.
Just heard on the radio - from Home Depot, plywood.... $68/sheet - DOUBLE in 4 months. The FL contractor who called into the talk show said he gives his remodeling etc bid to homeowners with a 48HOUR provision that it will need to be renegotiated if not locked in - 100% because of material prices... yikes. He commented that he also went to Autozone for an air filter - DOUBLE this year, and cans of spray paint same. .... hunker down folks.
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I can’t wait until the run on the banks starts...:pray:

[Aces4]

millions of people have been vaccinated.

Thanks to all the hard worked performed in 2020! We are grateful.

[Two Bills]

Nothing to do with politics, the shortages are world wide, due to reduced production over past year.
Just the same problems in UK and Europe.
Building material waits are being measured in months, not days.

[Bogie Shooter]

Thanks to all the hard worked performed in 2020! We are grateful.

I agree all the people that worked so hard to develop the vaccine. However, where was the plan to get it into peoples arms?

[Aces4]

I agree all the people that worked so hard to develop the vaccine. However, where was the plan to get it into peoples arms?

Seeing that the vaccine was magically “approved and ready” almost immediately after November 4th, I’d say you have to ask #46. It has been interesting to hear a few months ago, some physicians take on the distribution of these vaccines and the inequities and shenanigans that occurred this year.

[Bogie Shooter]

As the pandemic crushed the US economy last spring, sawmills shut down lumber production to brace for a housing slump. The slump never arrived and now there isn't enough lumber to feed the red-hot housing market.

Plus an increase from 9% to 24% tariff on lumber coming from Canada in 2017 did not help.

Why lumber prices are so high and what it means for home building costs - CNN (https://www.cnn.com/2021/05/05/business/lumber-prices-home-building-costs/index.html)

[jbrown132]

It’s called inflation. It’s what happens when you print trillions of dollars you don’t have.

[Ben Franklin]

Have to laugh when capitalism dictates prices, through supply and demand, and some people want to blame politics. Here's an elementary lesson. Last year we were in lockdown, basically, and not much business was being conducted ohr than on-line. Low demand, low prices. Housing starts Jan-Apr 2021 is roughly 32% higher in 2021 as opposed to 2020.

One national builder out of AZ is quoted as saying, "new orders of 283 as compared to 132 in the 2020 first quarter, a 114% increase.

[rustyp]

Have to laugh when capitalism dictates prices, through supply and demand, and some people want to blame politics. Here's an elementary lesson. Last year we were in lockdown, basically, and not much business was being conducted ohr than on-line. Low demand, low prices. Housing starts Jan-Apr 2021 is roughly 32% higher in 2021 as opposed to 2020.

One national builder out of AZ is quoted as saying, "new orders of 283 as compared to 132 in the 2020 first quarter, a 114% increase.

Supply and demand works very well when both sides are on an even playing field. But when the field becomes lopsided as in a monopoly a few have too much power and can manipulate either supply or demand.

Pay attention near video end of who gets hurt the worse by inflation.

Wolff Responds: Why We Have Inflation Now - YouTube (https://www.youtube.com/watch?v=BBTPOxtImtk)

[Ben Franklin]

Supply and demand works very well when both sides are on an even playing field. But when the field becomes lopsided as in a monopoly a few have too much power and can manipulate either supply or demand.

Pay attention near video end of who gets hurt the worse by inflation.

Wolff Responds: Why We Have Inflation Now - YouTube (https://www.youtube.com/watch?v=BBTPOxtImtk)

Are you, or Wolff talking about quantitative easing, which btw, the last two Presidents used, and yet the GDP never got over 2.9% for either one of them? I'm sure there are businesses that jack up prices to make up for last year. I refuse to support those businesses, as we all took a hit, except for the billionaires, who actually made more billions from the pandemic. Too much money in the hands of the few creates an Oligarchy, which we now have.

[kkingston57]

Just drove to TV from St. Augustine and can not tell you how many trucks carrying pine trees on the road. Bet they are not complaining and I am sure they did not vote for the current president. They are laughing all of the way to the bank.

[MandoMan]

Yes. I’m having a small project done and the contractor said lumber has increased 400%.

I bought lumber at Home Depot the past two days. I would say it is up here about 40%, not 400%. I expect it to drop by the end of the year.

[bobdeb]

I bought lumber at Home Depot the past two days. I would say it is up here about 40%, not 400%. I expect it to drop by the end of the year.

$12.00 2×4×8 up here.

[Stu from NYC]

$12.00 2×4×8 up here.

Wow