71–80 of 156 posts
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.
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Crazy to think people were doing construction and remodeling at 3x typical lumber costs
It was only 3x the cost because people had 3x the excess money.
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It was only 3x the cost because people had 3x the excess money.
Nonsense. The lumber pipelines were interrupted. It was simple supply and demand unlike all this insane price gouging the grocery stores are pulling off now.
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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.
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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.
I was thinking a bit like EVE online or Off World Trading Company but using real life stats.
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Nonsense. The lumber pipelines were interrupted. It was simple supply and demand unlike all this insane price gouging the grocery stores are pulling off now.
Right - demand was up because people had more money.
The chart in the article does a nice job at illustrating that prices are roughly speaking back to essentially pre-pandemic levels after giant spikes. This seems healthy to me.
Crazy to think people were doing construction and remodeling at 3x typical lumber costs
And during a pandemic, that is almost free, since many people are stuck at home with nothing to do.
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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…
Isn't the loss for dimensional lumber more due to drying than finishing?
To get a 1" finished board you need to start with at least 5/4, because you may have some twist in the board and you can flatten alternating sides to make it flat. If you were just running it through a machine without paying attention, your might need to take that same board down to 0.75" to get it flat.
But they aren't wasting time like that for framing lumber. But when your lumber is expensive, it's worth a little focused labored to use more of the board
The chart in the article does a nice job at illustrating that prices are roughly speaking back to essentially pre-pandemic levels after giant spikes. This seems healthy to me.
Crazy to think people were doing construction and remodeling at 3x typical lumber costs