Lumber Prices Are About to Get Wild! How What is Going on at Lumber Mills is Impacting Prices.

Lumber prices have been relatively low and stable for the past few years but things are changing and the stage is now set for huge lumber prices if conditions are right. In this video I explain how mill closures are impacting the capacity of the lumber market and how that could lead to huge price spikes in the future.

#lumber #lumberprices #woodworking

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[squidreuel]

Im a logger, lumber isn't selling, we are laying off at the mills and canceling logging contracts

[Pro-ezeb]

I’ve been framing for the same builder for 13 years. Recently, their prices more than doubled. What was a $650k home last year is going for $1.5 million now. I really don’t think people will accept that. What I do know for sure is I’m not getting paid anymore than 5 years ago.

[TheKingOfInappropriateComments]

I have another prediction and nobody is going to like it. When interest rates go back down, there will be more institutional and boutique investors who will outbid first time home buyers and hoard more properties than ever in their mission to turn this into a nation of renters. Not because those investors need to get a home loan but because with lower interest rates renting homes will be more lucrative than other investments.

[jimhoward]

I predict the price of tents will go up and the supply go down as more and more folks become homeless

[heyyoubuddy]

I run a small portable sawmill business, folks around me have logs so I turn them into usable lumber, for a reduced price . Win, win, win.

[larryschwartz]

Where I live lumber is pure garbage. Lowe’s and Home Depot have the absolute worst. When you look at prices vs. quality it’s ridiculous. We were told at a Home Depot that we had to buy lumber from the top of the stack and we could not cull anything out. So, we buy crooked lumber with knots everywhere and twists too. I don’t know about you but I want what I pay for. Nothing more and nothing less. When paying the insane price shouldn’t it be decent quality?

[Tman]

I live in Canada. When lumber prices went down, home prices still went up. When costs go up, the end price goes up. As long as people are buying houses, the prices will go up no matter what the lumber price is.

[cojln]

I am in Colorado and recently a business org. held a meeting where a home builder said they nearly 50% of the cost of a 350K home is regulatory. fees, permits, land etc. But the myth of affordable housing presists.

[rantingrandy]

I just deconstructed a 16 by 12 shed for free from a guy cause I got all the material. So I've got it stored in my shed now and I bought a lot for 500 bucks with an old church on it built in 1949 and I'll be deconstructing that for the old lumber. :) I'll be holding on to that old lumber too.

[Joe-Skier]

In Montana, Mills are closing because cost of living is too high for the workers who can't afford housing

[amtpdb]

The prices are too high so people don't buy. People dont buy the mill wood is not needed, mill not needed they close. They close, not as much wood so prices go up. As you see, prices will continue to go up as they create the shortage!

[patconnell]

On top of Dave's points, remember, his $450/mbf ( thousand board feet) F.O.B at the sawmill is 1) Truckload quantities, 2) typically #2 construction grade and better, and 3) does not include delivery...and as a rule of thumb, figure those flatbed get about 5 miles per gallon.

[theflexitech]

Youtube so wild. First went from watching fed chair meeting notes, talking about consolidation of everything, deflation, then see videos about lumber mills closing, and production of lumber slowing, now a video of high lumber prices, all in reccommended feed.

[mattalley]

I work at a sawmill. They have cut our hours until the last few weeks and all of a sudden we are working about seventy a week. We were at about 55 before. Im not complaining. The next paycheck will be a nice one. I also pay attention to lumber prices and have noticed that about $500 per thousand board feet is when we get more or less hours, depending on if the price is above or below that point.

[davefarley]

Gas, energy, and Food cost has taken all extra cash. Lumber is not even on my radar

[chrisbrowne]

I bought a Woodmiser to feed my consrtruction habit. Very rewarding.

[Socika]

No dude. Theree is no way the housing bubble will burst yet, and when it eventually does all the young people waiting to buy a home will be too broke to buy a pizza. The demand for lumber for trash fires may go up next winter tho

[Brett]

I haul treated lumber out of a treatment plant in Arkansas and pick up white or untreated lumber and bring it to the treatment plant. I was told that lumber is about to take a dive so we will be picking up more lumber instead of coming straight back to the plant. It's just goid sense to buy when it's low and hild when it's high.

[cruizer]

I was selling timber @ $750 in 2017, $1100 in 2018. The market goes up and down. I think it’s around $450 right now in western Oregon and I don’t see that rising anytime soon. Weyerhaueser doesn’t have to play by the rule this gentleman mentions as they are the largest land holder in the US I believe. They grow their own inventory. Other components are big cost issues for them like trucking, labor, and taxes.

[eddiebailey]

A lot of the mills that closed there doors were pop-up mills that jumped in the crazy market. Some may have been outdated mills that refuse to modernize due to mindset or lack of capital. This is why free market works. I'm leaning toward lumber prices staying stagnant until post election. You did a great job on this.