Timber! Lumber Prices Collapse As Homebuilder Sentiment Falters | |
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popsawheelie
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Slipknotz
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Swamprat
User ID: 57854626 United States 12/22/2022 09:51 AM Report Abusive Post Report Copyright Violation | I, personally, welcome the impending cataclysm of low lumber prices. Bring it on! I can take it. We aren't cut out to be socialists.We are the people who couldn't be constrained by Europe. We are the malcontents, idealists, speculators, dreamers, inventors, debtors and criminals who would not be chained. We don't play well with others, we are brash, outlandish and cunning. let us do what we do best; let us be Americans. |
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Evil Lincoln
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Anonymous Coward User ID: 84885015 Germany 12/22/2022 10:17 AM Report Abusive Post Report Copyright Violation | Lumber peaked at $1,336 per thousand board feet in late February but has settled at around $380 this week, representing a dramatic 72% decline in prices, primarily due to elevated mortgage rates, slowing housing activity, waning builder confidence, and overall mounting macroeconomic headwinds. Quoting: StellaBlue The plunge in lumber prices is no surprise as builder confidence for newly-built single-family homes posted its 12th consecutive month of declines in December, according to the National Association of Home Builders. Confidence is at its lowest reading since mid-2012. [link to www.zerohedge.com (secure)] Hahahaha all those stupid fucks who panic bought all that wood dayummmmmmm |
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Anonymous Coward User ID: 84981976 United States 12/22/2022 10:53 AM Report Abusive Post Report Copyright Violation | My sawmill is still pretty busy. I wouldn't expect these prices to last. The only logging going on around here is burned pine trees, and most of those are no better than chip. If you've got a building project coming up, I'd take your cut list down to your local sawyer and buy it now. |