Lumber Prices Are Going Up, All Eyes On BC

Lumber prices are rising again. keep an eye on British Columbia and the tarrifs.

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[stoneyja]

Thanks for the heads up. I need a sheet of plywood, I'm going tonight

[MrPhoenix]

That sucks that lumber is going to be going back up. I have quit a few projects I’m wanting to do custom router table, gun concealment shelf and end table. And now I might be pushing some of that stuff off. Don’t have a lot of time maybe two days out of the week to build that stuff.

[MB-uwxr]

Hope you're having a good folks! Always gets a bit better when I see new posts from this humble fella.

[danielhutchinson]

Some Railroad tracks were washed out by the flooding in

[TimHPop]

Love your Channel Name! It is amazing your understanding and comprehension of economics at a Macro Level. Well done ✔

[tonebassin]

Great I had a list of material from contractor I was giving for my home renovation. As always I took a gamble in hopes I be ok and grab end of year .
As always bad gamble. There goes the profits 😆😆😆.

[reginaborne]

The philosophy of the rich and the poor is this: "the rich invest their money and spend what is left. The poor spend their money and invest what is left".

[chucksneedmoreland]

I knew I had to come to UE when I saw the prices for 2x4 go up a dollar

[michelleclark]

QUESTIONS on the USA lumber market:

1) Is the USA lumber market a domestic market or foreign import market?
2) Is the lumber market on the commodity exchange?
3)Is the lumber market plagued by speculators?
4) Is the lumber market plagued by derivative trading?

[elcajoia]

Biden's doubling of the import Tax on lumber last week compounds our inflation, just never going to end.

[colemancummings]

Everything will be going up! Everyone is going have bid higher to get delivery. Products are getting tight!!!

[paul]

I just bought a lift of 2x4s for less 2.98 USD a piece here in Ontario Canada. Prices are climbing though the loader told me the next batch would cost more

[timchaffin]

I'm not that often in the lumber market but when I am I dollar cost average.

[therealityoflife]

The flooding in bc is nowhere close to where the lumber is being produced most of the flooding is in Abbotsford sumas area mostly farm land .. and here in bc they still build houses in the rain even using the glued plyboard I always wander why

[xXxKidderxXx]

Going to be a sad day when you sell that vehicle

[mikep]

What is the lag on futures prices? $1000 per thousand today will be reflected in the stores when? We have a need for next August.

[truffleturkey]

I don’t know. Inflation is surging at least 10 percent a year on almost everything.

[tonebassin]

Also I have having delays because of my contractors being so busy and not have enough guys. As an Electrician we are busy as well so demand is high. Just kills me the inflation of material.

[gulp]

What about your unit? Is it going in and out?

[andy-tizf]

i notice they raise the price of lumber once in awhile around here to try and get people off the fence to buy.