Part of the problem is there’s also a massive housing boom right now. Demand across the industry is through the roof, which is driving up prices, along with supply line delays and shortages.
Housing/Construction was always an “essential industry,” so they haven’t been subject to the shutdowns that have plagued the service industry.
And there's several billion dollars worth of "rebuilding efforts" to take care of from some "natural disasters" from last year. And they very well may start up again this year, once it's warm enough to jog at night.
Word I am getting from mills and lumber truck drivers is there is no supply shortage and they are selling lumber to stores at same price as always. So it’s the big box stores who are gouging.
OSB might be high in part due to some resin extracted from plants that’s in short supply. Same material used in vinyl windows. I am les confident about this statement though (only one inside source).
I work in hvac and everything is turning into gold. Pvc fittings are getting hard to keep in stock. AC units are on back order, copper is going through the roof. We're still busy because the owner bought a ton of shit when biden got elected but our inventory is getting low and getting new stuff is getting harder and way more expensive.
What the eff is going on? Covid lockdowns, China squeezing us for items, or maybe something pragmatic, like we are having trouble finding stuff to put into those shipping containers so China can send them back with something else?
Try telling that to the window manufacturers. I started trying to have windows replaced last May. Top brand. Project still not complete, factory was shut down, then reopened with 40% capacity, then later 60% capacity. At time of purchase, they estimated 6-8 week delay, ended up almost 4 months. Of 15 windows delivered, 8 had manufacturing faults. Tech rep from company said that with shutdown, many older experienced factory workers retired and there were many new hirees. Seven windows were finally repaired with new parts but one window had to be completely replaced. Hopefully, it arrives today.
Rich Baris talked about this. A lot of manufacturers are not confident about this economy and because of that there is less production, which in turn raises the prices of materials, which in turn slows down housing, which in turn affects jobs, which in turn affects the economy in general and it just spirals out of control. Thats why Trump was so effective. He was practically a cheerleader for the American economy. He helped bring it back, but now it's just high taxes and bullshit spending plans.
And people applaud it because as elites they will not be affected by bad policies, only working class people will.
Built a small elevated planter for the kiddos, six 2x4s and four sheets of 1/2" plywood, all untreated cost me $200. I guffawed loudly at the price but the kids must have their garden, can't risk raising a bunch of commies with no sense for growing their own food like those fools in the CHAZ.
A family member works at one of the big box home improvement stores - the lockdown had everyone working on various home improvement projects, myself included. They couldn't keep pressure treated lumber in stock. Paint was flying off the shelves. Appliances are 3, 4, sometimes 6 months delayed. It's high demand with factories operating at 40/50% capacity.
I ordered a small piece of custom furniture in october last year. It was a 4 month wait time when I placed the order. When I picked it up in January, they said their lead time was then 11 months. 11 months! Crazy.
All commodities are through the roof. When massive amounts of fake money is pumped into the economy prices go up. Not to mention all the demand is still there
your telling me that if people stay home and don't work, production halts or slows down and we end up having less products because the demand is higher than the supply, color me SHOCKED!
Yep. I was planning on building a house this year but I’m gonna have to save for an entire other year because the predicted cost of my house is double than what I had planned for before the hoax.
And they just gave everyone a lot of money to buy things that weren't produced here over the last year, while putting us in debt for far more than that sum.
Part of the problem is there’s also a massive housing boom right now. Demand across the industry is through the roof, which is driving up prices, along with supply line delays and shortages.
Housing/Construction was always an “essential industry,” so they haven’t been subject to the shutdowns that have plagued the service industry.
And fuel prices are higher so delivery costs are higher.
And there's several billion dollars worth of "rebuilding efforts" to take care of from some "natural disasters" from last year. And they very well may start up again this year, once it's warm enough to jog at night.
Are you ready for riot season?
Word I am getting from mills and lumber truck drivers is there is no supply shortage and they are selling lumber to stores at same price as always. So it’s the big box stores who are gouging.
OSB might be high in part due to some resin extracted from plants that’s in short supply. Same material used in vinyl windows. I am les confident about this statement though (only one inside source).
I work in hvac and everything is turning into gold. Pvc fittings are getting hard to keep in stock. AC units are on back order, copper is going through the roof. We're still busy because the owner bought a ton of shit when biden got elected but our inventory is getting low and getting new stuff is getting harder and way more expensive.
I am so glad I replaced my old system at the beginning of Covid. So have one system at 1 year old, one at about 12.
What the eff is going on? Covid lockdowns, China squeezing us for items, or maybe something pragmatic, like we are having trouble finding stuff to put into those shipping containers so China can send them back with something else?
Gotta build those free homes for foreigners.
Try telling that to the window manufacturers. I started trying to have windows replaced last May. Top brand. Project still not complete, factory was shut down, then reopened with 40% capacity, then later 60% capacity. At time of purchase, they estimated 6-8 week delay, ended up almost 4 months. Of 15 windows delivered, 8 had manufacturing faults. Tech rep from company said that with shutdown, many older experienced factory workers retired and there were many new hirees. Seven windows were finally repaired with new parts but one window had to be completely replaced. Hopefully, it arrives today.
There may be another real estate bubble forming. Interesting read: https://www.noradarealestate.com/blog/housing-market-predictions/
Then on top of that they are likely expecting heavy regulation of construction because of “green” policies
Rich Baris talked about this. A lot of manufacturers are not confident about this economy and because of that there is less production, which in turn raises the prices of materials, which in turn slows down housing, which in turn affects jobs, which in turn affects the economy in general and it just spirals out of control. Thats why Trump was so effective. He was practically a cheerleader for the American economy. He helped bring it back, but now it's just high taxes and bullshit spending plans.
And people applaud it because as elites they will not be affected by bad policies, only working class people will.
Started my deck 8 months ago thinking I had the perfect opportunity... Still waiting to finish the stairs because I can't afford the lumber :-(
Just another effect of Socialism. Both Corona and their war against America. They're trying to bring us down every way we can.
Yup, I'm in a home building group and just read to be prepared for installing a wooden fence. The lumber tripled in cost.
... here I thought it was dozens of mysterious fires at the saw mills and lumberyards?
Built a small elevated planter for the kiddos, six 2x4s and four sheets of 1/2" plywood, all untreated cost me $200. I guffawed loudly at the price but the kids must have their garden, can't risk raising a bunch of commies with no sense for growing their own food like those fools in the CHAZ.
A family member works at one of the big box home improvement stores - the lockdown had everyone working on various home improvement projects, myself included. They couldn't keep pressure treated lumber in stock. Paint was flying off the shelves. Appliances are 3, 4, sometimes 6 months delayed. It's high demand with factories operating at 40/50% capacity.
I ordered a small piece of custom furniture in october last year. It was a 4 month wait time when I placed the order. When I picked it up in January, they said their lead time was then 11 months. 11 months! Crazy.
All commodities are through the roof. When massive amounts of fake money is pumped into the economy prices go up. Not to mention all the demand is still there
Plus all that fucking money printing.
To be honest, the government paid jack shit.
PVC is in short supply as well.
Don't worry, the Democrats will direct the landlords that aren't allowed to collect rent to build more housing.
your telling me that if people stay home and don't work, production halts or slows down and we end up having less products because the demand is higher than the supply, color me SHOCKED!
Yep. I was planning on building a house this year but I’m gonna have to save for an entire other year because the predicted cost of my house is double than what I had planned for before the hoax.
And they just gave everyone a lot of money to buy things that weren't produced here over the last year, while putting us in debt for far more than that sum.
No biggie.