I'm sure home insurance prices are going to follow shortly after. You know, because that's why they needed to raise prices. Yep, any day now.
Lumber prices down 11% YoY
111–120 of 156 posts
Re: Lumber prices down 11% YoY
#112Earlier quoted context omitted.
Cripes what is going on with orange juice.. there’s some seasonal patterns in the last 25 years, but the last year has just kept climbing.
Welcome to climate change: Citrus trees take a while to bear fruit, so uncommon weather patterns lead to bad harvests. Something similar happens with Spanish olives, and with them, olive oil. Most Olive groves are not irrigated, because they historically don't need to be, and we've had two very dry years. Production is down to 50% of what it was, and irrigating isn't cheap or easy. And again, replanting isn't a sensi…
Or really many if not most fruits where I am. Apple picking? Better be fast. Pears? None left. Plums? You wanted plums?
Same with my own cherry trees. Beautiful flowers. Looked like it would be just as good as last year's awesome harvest. Then frost at just the wrong time. I had maybe a couple handfuls of cherries. Not even enough on the trees to warrant putting up the bird netting.
Re: Lumber prices down 11% YoY
#113Earlier quoted context omitted.
Here in Florida, citrus greening has devastated the groves.
Aren’t some growers able to grow in Georgia now, whereas they hadn’t been able to before? I seem to recall something about that.
Yes there are citrus groves in Georgia. I don't think it's that they hadn't previously been able to so much as the agricultural dynamics makes it more reasonable now. It may be short lived though as the solar farms seem to be the fastest growing land usage now.
Re: Lumber prices down 11% YoY
#114For the unfamiliar, a "board foot" is a unit of lumber volume representing a square foot of board with 1 inch thickness. So an 8' long board 12" wide and 1" thick is 8 board feet. Or half as wide and twice as thick (6" x 2") in the same length is also 8 board feet. You get the idea.
To elaborate a little more: Board thicknesses are measured in the "quarter system" - 4/4 (pronounced "4 quarter", that is 4 quarters of an inch) is a 1" thick rough-rough sawn board; 8/4 (8 quarter) is a 2" thick rough board. As this is rough sawn (super rough and unsightly finish), you usually lose at least 1/8" while finishing the board, so a 4/4 rough board gives you something around 3/4" finished product. This le…
> It might seem like an "ugly dimension" compared to something like m^3, but its really built around speed. Watching someone skilled price out an enormous stack of mismatched lumber (width, thickness, and length) in seconds with a lumber rule is always a fascinating process to watch (https://www.popularwoodworking.com/techniques/the-lumber-rul...).
I imagine there are people all over the world doing the same tricks with metric measurements.
Re: Lumber prices down 11% YoY
#115Earlier quoted context omitted.
And money was being printed left and right
How does that end up in the hands of regular people doing renovation or home builds?
Were you asleep[1] the entire time? And that's just what Average Joe was pocketing.
[1] https://www.pandemicoversight.gov/news/articles/update-three...
Re: Lumber prices down 11% YoY
#116Re: Lumber prices down 11% YoY
#117Earlier quoted context omitted.
Constriction of foreign-born labor as well https://www.nbcnews.com/data-graphics/tough-immigration-laws...
There were almost 200k people who crossed into the US illegally in August. It's over 2M people per year now, pouring into the US. https://www.cbp.gov/newsroom/national-media-release/cbp-rele... .
Your link doesn't mention 2 million per year, plus at least some are recidivists and some more are sent back.
It doesn't mean 2 million people stay illegally per year.
Re: Lumber prices down 11% YoY
#118[deleted]
Re: Lumber prices down 11% YoY
#119Earlier quoted context omitted.
Cripes what is going on with orange juice.. there’s some seasonal patterns in the last 25 years, but the last year has just kept climbing.
Welcome to climate change: Citrus trees take a while to bear fruit, so uncommon weather patterns lead to bad harvests. Something similar happens with Spanish olives, and with them, olive oil. Most Olive groves are not irrigated, because they historically don't need to be, and we've had two very dry years. Production is down to 50% of what it was, and irrigating isn't cheap or easy. And again, replanting isn't a sensi…
Thanks for reminding me to buy olive oil next time at costco
Re: Lumber prices down 11% YoY
#120Thanks JPOW! stay the course, more money to delete
JPOW sold all his stocks at the peak. He is gonna keep rates high until he can buy something at a steep discount, and it ain't 2x4s.