No, just working from the average home cost as per the OP. Spitballing, not digging in, so don't count it for too much.
Lumber Futures up 200% - Lumber mania is sweeping North America
- Thread starter Ninja Mobile Trader VPS
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No, just working from the average home cost as per the OP. Spitballing, not digging in, so don't count it for too much.
If that's the case then that suggests the building you speak of was a few .... birdhouses maybe.
okay, you're one of THOSE. Argue for the sake of arguing. You win! I lost. Take your trophy. Congratulations.
That was said before and I, a local, responded.
Give me a cookie, keep the trophy. Next time when you respond as a builder .. actually be one.
Im a local as well, and you got me. Underneath the tile / shingles, there's often wood. But its not the whole house. Good thing my roof doesn't need replacing for another 13 years
FINANCE·LUMBER
Lumber prices are plunging. Blame the record drop in U.S. housing affordability and a post-pandemic double bubble ‘hangover’
BYWILL DANIEL
June 30, 2024 at 8:05 AM EDT
Warren Rotax, 67, stacks a freshly milled board of tongue-and-groove pine at Clifford Lumber in Hinesburg, Vt.
(PHOTO BY ROBERT NICKELSBERG/GETTY IMAGES)
The twin-peaked lumber bubble of 2021 and 2022 that once drove homebuilding costs through the roof and exacerbated inflation is now nothing more than a memory.
Spot lumber prices have plummeted 75% from their May 2021 record high of $1,514 per thousand board feet to just $366 this week, roughly matching pre-pandemic levels, according to Random Lengths’ Framing Lumber Composite Price Index. Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are around $100 above spot prices because of a delivery fee).
Lumber prices are plunging. Blame the record drop in U.S. housing affordability and a post-pandemic double bubble ‘hangover’
BYWILL DANIEL
June 30, 2024 at 8:05 AM EDT
Warren Rotax, 67, stacks a freshly milled board of tongue-and-groove pine at Clifford Lumber in Hinesburg, Vt.
(PHOTO BY ROBERT NICKELSBERG/GETTY IMAGES)
The twin-peaked lumber bubble of 2021 and 2022 that once drove homebuilding costs through the roof and exacerbated inflation is now nothing more than a memory.
Spot lumber prices have plummeted 75% from their May 2021 record high of $1,514 per thousand board feet to just $366 this week, roughly matching pre-pandemic levels, according to Random Lengths’ Framing Lumber Composite Price Index. Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are around $100 above spot prices because of a delivery fee).