Home Depot Changes As Lumber Prices Keep Falling

Welcome back to our channel! Today, we're diving into the big changes happening at Home Depot as lumber prices keep falling. This significant drop in lumber costs signals that people are remodeling or building less, which in turn indicates a slowing economy. Home Depot is a key player in the construction and real estate industries, and their trends give us a clear view of what's coming next. Stay tuned as we explore how these falling prices affect homeowners, contractors, and the broader market. Don't miss out on these crucial insights that could impact your next home improvement project or real estate investment!

[Adelino-iofi]

The entire parking lot is empty and they decide to park right behind you😂😂😂.

Man, I can feel your energy through the video that's phenomenal. I know you're going to crush it!!!

[tammyjones]

My daughter is working pt at our local home depot. She's only been there since June. She said they're cutting hours like it's November. The staff that's been there for longer told her that they haven't seen this so early in the year before

[patrickwade]

I’m a contractor in Oregon and when prices of lumber went so high and we were being told there was a shortage, I could drive by lumber mills with their yards absolutely filled and high stacks of units. I talked with a truck driver who delivers lumber and he said there was more at overflow storage yards. He said mills were holding onto inventory so prices would keep going up. I also talked with a guy that supplied mills with operating equipment and supplies and he said the same thing.

[timothyortega]

I bought a bunch of Cedar for a fence and 2 x 4's the other day, so I'm glad the prices came down. As an old retired carpenter, this isn't good. The price needs to be stable for people to give a fair bid on building projects. It must be a nightmare for contractors!😢

[AppalachianFarmstead]

Haven’t bought lumber in over two years. Purchased a Frontier OS 31 sawmill and said goodbye to crappy ass Lumber.
The sawmill also provides some income

[DorathyJoy]

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

[CountryLivingExperience]

Stayed the same here in East Texas. Needle has not moved on lumber yet.

[beagalulu]

I was in Home Depot Amherst Ny two days ago. The lumber prices are still high. But then again, I still have decades old pricing set in my head.

[johnhinant]

Homeowners cannot afford to do normal maintenance on there homes.

[jessicahayes]

It's getting gnarly here in Texas. I live about 2.5 hours north of Austin, TX.

I was in Austin yesterday for a business meeting. One of the topics of our conversation was the abandoned subdivision in South Austin called Southstone. It's attracting transients and criminals affecting neighborhoods surrounding the abandoned subdivision.

I remember seeing a lot of those half-built homes in CA from the last crash. I used to travel to CA a lot due to being in the tech industry.

It's unfortunate that this it happening here in Texas. We didn't have this in the last crash.

[clayjones]

Im building a garage right now. Yesterday I got my sheathing for $14 each and my tongue and groove subfloor for $24😎
Lowes was a ghost town

[BridgetMiller-]

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

[eyeflyrussellm]

Long-beach ca went 8.28 to now 3.23 per 8ft2x4

[tomf]

$3.55 2x4x8 stud, $7.88 2x4x8 pressure treated. Southern New Mexico

[therooster]

Hello brother Ninja, we’ve been very sick, sure would appreciate prayers 🙏🏼🕊️✝️
Blessings to you and this family.

[efngepic]

$3.36/2x4x8 framing boards, $3.98/ pressure treated #2 North of the Twin cities, MN

[UkpikTonraq]

Absolutely not seeing the falling cost in Madison FL.
OSB still $16.50 a sheet 4x8x 5/8

[aleksei]

In Toronto canada peak 2x4 was $12 now $3.5 at home depot....u can find $2.5 at other retail stores

[Forestranger]

Remodeling contractor here in Canada. 🇨🇦 seems like our lumber is roughly the same at the moment.

[dougcook]

Lowe's in Rockledge, Florida now: 2x4x8 stud is $3.36 and 2x4x8 PT (pressure treated) is $3.98 a stick