6 ms·
Lumber shot up in price for a few months, and then it came back down. Unless this is sustained I think it is safe to attribute to a supply shock.
by georgeecollins 5y ago
Lumber shot up in price for a few months, and then it came back down. Unless this is sustained I think it is safe to attribute to a supply shock.
- HFguy 5y agoLumber has now gone back up. Very interesting market.
- solarhoma 5y agoLumber has doubled in the last six weeks. Eight foot 2x4’s are now $6 in the Midwest.
- fullstop 5y agoIt went from $4.50 to $6.50 over the course of a week on the east-ish coast. I only needed 20 of them, but it increased the cost of my shelving by $40.
- solarhoma 5y agoI was planning to build a cabin out on my land this summer. But have shelved (pun intended) that idea with the costs.
- iso1631 5y agoBut still down on where it was in May.
- colechristensen 5y agoIt’s a fossil fuel thing, part of synthesis, not just a supply shock (but probably also).
- micromacrofoot 5y agoYeah it's back up... I started planning a home renovation in January 2020 and I've been waiting on prices to come back down :( Starting to consider doing it myself as much as possible to recoup lumber costs with reduced labor costs.
- missedthecue 5y agohttps://www.nasdaq.com/market-activity/commodities/lbs https://www.nasdaq.com/market-activity/commodities/lbs Lumber peaked at $1400, fell to $500, but now is approaching $1200 again.