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(The New York Times)   Last year, demand was down. This year, supply is down   (nytimes.com) divider line
    More: Facepalm, Unemployment, Economics, possible reason, Unemployment benefits, Huge swaths of the economy, Semiconductor companies, surge of customer demand, America's great economic challenge  
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938 clicks; posted to Business » on 09 Apr 2021 at 6:35 AM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



15 Comments     (+0 »)
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2021-04-09 7:40:16 AM  
I'm paying way too much for a fence today because of high demand for lumber.

So I'm getting a kick out of this article.
 
2021-04-09 7:43:05 AM  
I realized this trying to find a new color laser printer.  Best Buy had virtually nothing in stock in the store.  Did manage to find a suitable replacement at Staples though even though their stock was depleted too.
 
2021-04-09 8:01:11 AM  
idk maybe if the u.s/uk would have started doing something like 5 months ago about their container port bottlenecks that wouldn't be a problem now (ok that evergiven didn't help but that was a short period of time)
 
2021-04-09 8:28:45 AM  

Rapmaster2000: I'm paying way too much for a fence today because of high demand for lumber.

So I'm getting a kick out of this article.


You just dont understand the technology.
 
2021-04-09 8:36:11 AM  
Anyone looking for a video card in the past 6 months could have told you this
 
2021-04-09 9:13:55 AM  

Rapmaster2000: I'm paying way too much for a fence today because of high demand for lumber.

So I'm getting a kick out of this article.


I can't guarantee a quote for more than 2 days now. There were 2 price increases on softwood plywood last week, 3/4" sanded spruce plywood is up to $90 CND per sheet replacement cost, we sold it for $45 a sheet last year. I sure wouldn't want to be building a house right now.
 
2021-04-09 9:22:12 AM  

swaniefrmreddeer: Rapmaster2000: I'm paying way too much for a fence today because of high demand for lumber.

So I'm getting a kick out of this article.

I can't guarantee a quote for more than 2 days now. There were 2 price increases on softwood plywood last week, 3/4" sanded spruce plywood is up to $90 CND per sheet replacement cost, we sold it for $45 a sheet last year. I sure wouldn't want to be building a house right now.


I was looking at spot prices of lumber on the 5yr chart. Per 1000borad ft contracts were $300 5 yrs ago. Right when covid hit they went to 264. Last week they were 1,010. Despite the craziness I can see prices going higher. Seems like stores are eating some margin right now. We will see how long that lasts.
 
2021-04-09 9:34:59 AM  

AsparagusFTW: I was looking at spot prices of lumber on the 5yr chart. Per 1000borad ft contracts were $300 5 yrs ago. Right when covid hit they went to 264. Last week they were 1,010. Despite the craziness I can see prices going higher. Seems like stores are eating some margin right now. We will see how long that lasts.


That's about where we're at, just trying not to screw ourselves when the bubble finally bursts, it would be very easy to get stuck with a whole bunch of product that costs more than we can sell it for. Even the products that haven't been hit with huge increases are in short supply, I have over $500,000 in outstanding backorders, just keep ordering and nothing shows up.
 
2021-04-09 9:41:08 AM  
Anyone who tried to buy toilet paper or isopropyl alcohol or, I dunno, farkin' flour or something, could have told you that supply was down last year too.
 
2021-04-09 9:41:48 AM  

swaniefrmreddeer: Rapmaster2000: I'm paying way too much for a fence today because of high demand for lumber.

So I'm getting a kick out of this article.

I can't guarantee a quote for more than 2 days now. There were 2 price increases on softwood plywood last week, 3/4" sanded spruce plywood is up to $90 CND per sheet replacement cost, we sold it for $45 a sheet last year. I sure wouldn't want to be building a house right now.


A friend of mine told me his parents built a house 2 years ago and their builder (who they are friends with) told him it would have been $50,000 more this year.
 
2021-04-09 9:50:37 AM  

Rapmaster2000: $50,000 more this year.


That's what I've been told too, we do a lot of high end housing, one "cabin" I'm supplying the finishing package for is almost $200,000 over budget at the drywall stage. It'll be double that after all is said and done.
 
2021-04-09 12:49:28 PM  

swaniefrmreddeer: Rapmaster2000: I'm paying way too much for a fence today because of high demand for lumber.

So I'm getting a kick out of this article.

I can't guarantee a quote for more than 2 days now. There were 2 price increases on softwood plywood last week, 3/4" sanded spruce plywood is up to $90 CND per sheet replacement cost, we sold it for $45 a sheet last year. I sure wouldn't want to be building a house right now.


I'm looking to buy a house right now and the current price of lumber is something we've had to include into our calculations. I guess we're going to prefer the mostly "done" house instead of the fixer that I wanted.
 
2021-04-09 5:47:40 PM  
its almost like demand drives the economy and all the talking heads on the telly are full of shiat
 
2021-04-09 10:37:42 PM  
Anybody who works at a factory could have told you this almost a year ago.  I had my weekly meeting with my boss last morning, he told me our suppliers suppliers are running out of material.... which I knew, because I'd researched it online.

When it comes to one product, the stuff we're making today was ordered 2 months ago.  We used to ship stuff out the day it was ordered if it was in by noon.
 
2021-04-09 11:46:50 PM  

electricjebus: Anybody who works at a factory could have told you this almost a year ago.  I had my weekly meeting with my boss last morning, he told me our suppliers suppliers are running out of material.... which I knew, because I'd researched it online.

When it comes to one product, the stuff we're making today was ordered 2 months ago.  We used to ship stuff out the day it was ordered if it was in by noon.


While typing that post my assistant called to tell me that a line went down tonight.  There's nobody in the building who can fix the problem right now.
 
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