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Lumber prices down 11% YoY

calculatedriskblog.com

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Re: Lumber prices down 11% YoY

#31

Post by curiousllama »

quadrifoliate wrote: post #26
curiousllama wrote: post #14

Earlier quoted context omitted.

Retail prices are generally pretty sticky - if the wholesale price persists, they'll come down, but it'll take time.

I hope they come down -- I have reduced my restaurant spend considerably since restaurant (even chain) prices went up by 30-50% in my area compared to pre-Covid. Maybe I'm too price-conscious, but I'd expect demand to go down over time as the rising interest rates affect daily life.

Yea for sure. This is the recession & deflation folks have been asking for.

Re: Lumber prices down 11% YoY

#32

Post by eth0up »

mcculley wrote: post #27
greggsy wrote: post #21

Earlier 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.

Here in Florida, citrus greening has devastated the groves.

That... and grubby land grabs, cavalier/deranged development (Lennar), and ignorant newcomers who think making a subtropical keystone ecosystem conform to their hell of previous residence is justified by exorbitant checks and brutal disregard.

Re: Lumber prices down 11% YoY

#34

Post by [deleted] »

listenallyall wrote: post #13

Supposedly, wholesale chicken wings are lower than pre-pandemic prices. https://www.nbcnews.com/business/consumer/chicken-wing-price... I've yet to find a restaurant, however, where menu prices for wings aren't at least 20% higher than 2019 or so -- often much higher. Similarly, I have a hard time believing that lower lumber prices will reduce new construction costs.

[deleted]

Re: Lumber prices down 11% YoY

#35

Post by jpitz »

em3rgent0rdr wrote: post #10
wlesieutre wrote: post #4

For 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.

metric system is so much easier: m³

Metric makes the math easier, but it is much easier for me to relate to 40 board-feet of lumber than to 0.0944 cubic-meters.

Re: Lumber prices down 11% YoY

#37

Post by singleshot_ »

tinco wrote: post #18
hartator wrote: post #11

Earlier quoted context omitted.

I don’t think you can have a 1m^3 of wood. Life is not Minecraft.

If you're purchasing gross lumber here in The Netherlands it is definitely priced per m3. For example here: https://inlands-hout.nl/houtsoorten-en-prijslijst/ Just like with board feet it doesn't say anything about the actual dimensions. Also, I don't think it's much better as a unit than board feet either, both have very unclear relationship to the actual amounts you need. You'll always need to do a pretty complex c…

And for what it’s worth, the board foot cost of a 2x4 and the board foot cost of a 2x12 are wildly different.

Re: Lumber prices down 11% YoY

#38

Post by m463 »

somethoughts wrote: post #20

Always thought it'd be cool if there was some economic simulation game (simcity, city skylines, etc.) that was tied to real life commodity markets.

Would that make the game less fun?

or would the economy be the fun part of the game, automating and driving down prices?

I think games like factorio, the fun comes from automating and being less of a mental burden.

Re: Lumber prices down 11% YoY

#40

Post by yojo »

singleshot_ wrote: post #30
wlesieutre wrote: post #4

For 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.

When you say one inch wide, do you mean one of the twelve things in a foot, or one of the two things in the width of a 2x4?

I believe you’re referring to “nominal” vs “actual” size. For anyone who doesn’t know, a 2x4 is actually ~1.5”x3.5”

Dimensional lumber is the original shrinkflator

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