Lumber & Paint prices - Out of Control?

[BigHornRam]

Lumber slumps by exchange limit; analyst says prices dropping sharply (NYSEARCA:XHB)

July lumber futures (LB1:COM) reportedly have fallen by, the exchange maximum of, $42, or -3.1%, to $1,284.20 per 1,000 board feet on the Chicago Mercantile Exchange, extending last...

seekingalpha.com

 

[JoltnJoe]

Same

$73 a sheet for treated 1/2 inch CDX here

check that… $83 dollars today SMH

 

[Kaitum]

I wanted to buy a 6' piece of 1/2" rebar yesterday at Ace. $14+/ft came out to $93. For rebar...? I told them I didn't need it that badly.

 

[SAJ-99]

Lumber futures prices are getting close to pre-pandemic levels. Contract from Feb 2020 was about $420. As of yesterday July closed at $520. Curve has flatten considerably with the next 6 months contracts between 600 and 630. I hope the prices at the yard have come down, but I know shortages are going to persist.

 

[Nick87]

Lumber futures prices are getting close to pre-pandemic levels. Contract from Feb 2020 was about $420. As of yesterday July closed at $520. Curve has flatten considerably with the next 6 months contracts between 600 and 630. I hope the prices at the yard have come down, but I know shortages are going to persist.

I wonder how long it will take for us to see that correction in the store.

 

[SAJ-99]

I wonder how long it will take for us to see that correction in the store.

Home Depot lumber prices were 10-20% lower than the last time I went in a month ago. So hopefully the lower prices are bleeding through across the sales channel.

 

[TheJason]

7/16” OSB is still $63 per sheet here.

 

[Festus]

7/16” OSB is still $63 per sheet here.

Wow - 7/16" ZIP board is only $59.20 here... 7/16" OSB is $43.15 today at Lowe's.

 

[noharleyyet]

7/16” OSB is still $63 per sheet here.

We had 480 sheets of 7/16ths Zip dropped at one of our sites 3 weeks ago at 69 per......and was happy to get em. Crazy....

 

[Gerald Martin]

When OSB hits a low again, I am going full send .22LR, Doomsday Prepper, Hoard Mode.
I might even be able to afford a shop to store it all in.

 

[mtmuley]

Have 2000 square feet of clear pine nickel gap shiplap coming for a project. 10K. mtmuley

 

[LuketheDog]

Home Depot lumber prices were 10-20% lower than the last time I went in a month ago. So hopefully the lower prices are bleeding through across the sales channel.

I read yesterday that the lower prices are just a head fake, crossing my fingers they're wrong...

 

[blueridge]

2x4 studs are $2 less than a month ago. Still $3 more than “normal”. Backed up with clients willing to pay.

 

[blueridge]

Down another $2 overnight! 2x4's back to $4.65ish. Wow. Were $9.45 a month ago.

 

[SAJ-99]

I’m hearing the mills are locking up again and utilization is declining. This time because of the fear of declining demand. Lumber prices and derivative products have tumbled over the last month. Does this mean the market is getting better and inflation is slowing or are we looking at the canary in the US economy coal mine?

 

[TheJason]

7/16 inch OSB is down to 27 bucks a sheet here.

 

[Hem]

7/16 inch OSB is down to 27 bucks a sheet here.

I just paid $28 for two shitty hamburgers and an order of fries in the Minni-ha-ha airport. Would have been better off gnawing on OSB...and saved a buck.

 

[Beanland_fan]

Not lumber but recent pipe price differences are astounding. 12” C900 PVC is more expensive than 12” class 350 Ductile.
Never seen that before but I’m only 57.

 

[hank4elk]

I spent $400 on 4 boxes of nail gun nails,$40 4 years ago.

 

[TheGrayRider]

I spent $400 on 4 boxes of nail gun nails,$40 4 years ago.

That’s ridiculous. Unbelievable!