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Housing in my area of the US is booming. Understandably, that means in others, it's doing the opposite, so it probably washes out. As for wood, I agree not ev
by silisili 5y ago
Housing in my area of the US is booming. Understandably, that means in others, it's doing the opposite, so it probably washes out.
As for wood, I agree not everyone is out buying lumber. But that affects lots of things. Have you priced out a shed, fixing a deck, or new run of fence? It also apparently affects furniture and such to some degree.
New home builders near me were putting huge 'lumber' addendums on their previous pricing.
Food is a little trickier. Grocery just 'feels' more expensive, but admittedly, I don't have any data to back that up. I can certainly cede that point.
- xyzzyz 5y agoLumber was up a lot last year, but now here (PNW) it’s cheaper than pre-pandemic prices. 2x4x8 were $3.70 at Home Depot last week, which is rather cheap.
- f3d46600-b66e 5y agoIt was $2.5 for 2x4 pre-pandemic, so still has a room to go down :-)
- pfdietz 5y agoLumber as a commodity is almost back to pre-pandemic levels. https://www.nasdaq.com/market-activity/commodities/lbs https://www.nasdaq.com/market-activity/commodities/lbs