Earlier quoted context omitted.
metric system is so much easier: m³
I don’t think you can have a 1m^3 of wood. Life is not Minecraft.
I don't think most replies got the idea you mean a cube with sides measuring one meter.
Lumber prices down 11% YoY
91–100 of 156 posts
Re: Lumber prices down 11% YoY
#92Earlier quoted context omitted.
Crazy to think people were doing construction and remodeling at 3x typical lumber costs
I wonder how much of that remodeling was to accommodate a newly required home office due to WFH. If you really needed to have a separate office (eg kids), you simply had to grit your teeth and bear the cost.
Also there was little else to spend your money on. It is easy to spend ten thousand on a family vacation and for a couple years you didn't take one. Plus all the eating out you didn't do, movies you didn't go to and whatever else people stopped doing.
Re: Lumber prices down 11% YoY
#93Earlier quoted context omitted.
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.
No, people had more time, DIY projects exploded, and that was compounded additionally by supply chain issues (and closures) like everything else with COVID.
Re: Lumber prices down 11% YoY
#94Re: Lumber prices down 11% YoY
#95And companies in the business are still using supply chain as an excuse for prices. Recently experienced this when going through quotes for an 800 foot cedar fence.
Re: Lumber prices down 11% YoY
#96Re: Lumber prices down 11% YoY
#97For 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…
Historically 2x4 never had a standard and different sawmills produced different sizes. I've seen houses built in 1880 where a modern 2x4 fit perfectly, meanwhile a different house built in 1968 had a obvious size difference.
Re: Lumber prices down 11% YoY
#98I track price of the gloves.
Box of gloves is very close to pre covid level.
Used to be $2/box in 2019. now you can get it around $2.5 box.
Re: Lumber prices down 11% YoY
#99Always 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.
Real world ecconomics doesn't act like the simplified models in econ 101. Anyone with significant supply is adjusting how much supply they produce based on expected demand to keep prices where they need them. Sometimes someone chooses a lower price to take business from competition, but that is still a complex analysis.
Re: Lumber prices down 11% YoY
#100Earlier 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.
I have no idea if that's true or not, but I wonder how long it would take to establish orchards further north - time to realize it's possible and time to get the trees to production.