Price of lumber 2021

["EZ"]

We had a house locally that had a bidding war started when they put it on the market. The buyer paid $100k more than the asking price! This is exactly the kind of stuff that happens during a housing bubble right before the bottom falls out. It happened in 2007. It took the stock market down with it.

 

[Jim]

My new deck. A couple of hours and $750 worth of lumber. Like it?

 

[GlampDaddy]

What a time to own a chunk of gold (house) in Austin!

We have a house in Austin and just received an obscene offer for it. We didn't even have it listed for sale, but having to rethink that now.

 

[Kevin D Pem]

So I wonder, is this going to affect the RV industry?

Yes! Gas price=inflation=stimulus. Some of the builder buddies have, stopped production.=more unemployment.

 

[Neal]

We have a house in Austin and just received an obscene offer for it. We didn't even have it listed for sale, but having to rethink that now.

I would imagine it's just going to go higher with Elon coming to town and others to likely follow.

 

[GlampDaddy]

I would imagine it's just going to go higher with Elon coming to town and others to likely follow.

Tesla has 8 million square feet under construction now. Apple has 3 million, with Samsung still on the drawing board. The housing boom looks to be a vacuum, sucking up all available lumber, PVC, sheetrock, etc. We're looking for a nice rural location with an RV garage!!!

 

[Kevin D Pem]

We had a house locally that had a bidding war started when they put it on the market. The buyer paid $100k more than the asking price! This is exactly the kind of stuff that happens during a housing bubble right before the bottom falls out. It happened in 2007. It took the stock market down with it.

It also took down the RV market, look at the history of RV business ownership.

 

[murphysranch]

T1-11 siding went from $29 to $49 at Lowes.

Sanded 4x8 plywood is now $86 a sheet here; $95 over on the Oregon Coast.

 

[dJohn]

2 x 4 x 8, 9 dollars. WTF

 

[Neal]

I'm in Oregon, I'm buying a chainsaw!

 

[GlampDaddy]

I'm in Oregon, I'm buying a chainsaw!

But you already have two!

 

[Neal]

But you already have two!

Huh??

I'm going to throw a few $50K logs on the roof and haul them home!

 

[GlampDaddy]

Amazon says you already have two of everything!

 

[Neal]

2nd chain saw ordered!

 

[bpaikman]