Just wondering if any of you been watching lumber prices? I seen lumber futures have been crashing last couple weeks, and now we are starting to see it at the stores.....still a long way to go. I ordered some treated 2x4x8's last week. They were close to $9 a few weeks ago, then last week they were like $6.99 when I ordered them, by the time I picked them up 2 days later they were $4.88. A regular pine stud is now $5 again....those got up to close to $10. 7/16 OSB was $50 a sheet.....it has only fallen to $38 so far, but it should fall here soon a lot more.
Shingles have been really hard to get and the manufactures have been claiming they are going 24/7 and couldnt keep inventory. Well last week one of my supply houses had a conference call and they claim to have proof that inventory at the plants are at an all time high. They claim Owens-Corning is intentionally hoarding inventory to serve 2 purposes. 1. It rebuilds the inventory they depleted when plants were shut down last summer. 2. It allowed them to raise prices, thus replenishing cash reserves they depleted last year. Makes sense I guess. He claims they will begin flooding inventory to retail level in next month.....we shall see.
You guys think maybe that was part of the issue with ammo prices soaring so high? I mean, why would they flood the market when they can trickle it out and make the same amount of money selling 1/3 the product.
Just wondering how much of price increases and shortages is legit, and how much is just pure manipulation and because they can. A steak at Krogers was $6 and now is $10 a pound......but the old farmer is getting the same as he got in 2018 for a cow.
Shingles have been really hard to get and the manufactures have been claiming they are going 24/7 and couldnt keep inventory. Well last week one of my supply houses had a conference call and they claim to have proof that inventory at the plants are at an all time high. They claim Owens-Corning is intentionally hoarding inventory to serve 2 purposes. 1. It rebuilds the inventory they depleted when plants were shut down last summer. 2. It allowed them to raise prices, thus replenishing cash reserves they depleted last year. Makes sense I guess. He claims they will begin flooding inventory to retail level in next month.....we shall see.
You guys think maybe that was part of the issue with ammo prices soaring so high? I mean, why would they flood the market when they can trickle it out and make the same amount of money selling 1/3 the product.
Just wondering how much of price increases and shortages is legit, and how much is just pure manipulation and because they can. A steak at Krogers was $6 and now is $10 a pound......but the old farmer is getting the same as he got in 2018 for a cow.