Author Topic: Holy junk Batman  (Read 4379 times)

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Offline squall_line

  • Posts: 775
Re: Holy junk Batman
« Reply #30 on: May 05, 2021, 10:23 AM »
The housing market around here is brutal. 2, 5, 13 back up offers on almost every deal. Buyers are paying top dollar and beyond. When the income stops coming in, the foreclosures will start all over.

Some friends of ours have a second baby on the way and are looking for a new house.  Everyone's releasing contingencies in their offers, including inspections and appraisals; if the appraisal comes back low, they're on the hook for the overage in cash, not the bank.

I'm happy we bought our "forever" home about 18 months ago, and about 5% under market price at the time.

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Offline afish

  • Posts: 600
Re: Holy junk Batman
« Reply #31 on: May 05, 2021, 10:36 AM »
Same exact type of stuff happened in 2005. Im just sitting back and  [popcorn]

Offline Yardbird

  • Posts: 223
Re: Holy junk Batman
« Reply #32 on: May 05, 2021, 11:39 AM »
Even at these high prices does not mean it is in stock.  My water heater sprung a leak and I ordered one in March.  It just came in May 3rd at a big box store.  I have some car brake parts ordered longer than that and still not in.   I would hate to be building a house expecting everything would be available when I need it.  Pray a computer chip does not go out of your car-you might be waiting six months.  A local manufacturer is parking semi trucks (Kenworths) waiting for parts.  I hear they have rented the fairground and plan to park 2000 trucks there.  Don't worry about price-worry about availability!

Online Peter_C

  • Posts: 1159
Re: Holy junk Batman
« Reply #33 on: May 05, 2021, 07:33 PM »
This happened not that long ago.  First Real estate shot up to record levels. Then building materials went crazy (I remember 7/16 OSB getting to around $25 a sheet) then a couple years later it went to complete S#!*.  I was building my house then but luckily I was 6 months or so ahead of the curve.  Not so lucky this time as we were planning a second home in the keys but these price increases have hit the breaks on that.  I know the situation is different now but I dont see these prices being sustainable long term.  Eventually, these higher prices will start affecting spending.  I feel like we are one straw away from breaking the proverbial camels back.  Gas prices, food prices, interest rates.  We are also coming up on hurricane season if its a bad year plywood is going to go nuts.  Crossing fingers for quiet year.   
In Florida I would build ICF. You can build a bunker house! No bug issues, super insulated, hurricane proof, with quality storm shutters, and it would be more secure as a secondary home. Very little wood would be needed, but the question is what is the cost of concrete? It's high, but how high in Florida?

Offline afish

  • Posts: 600
Re: Holy junk Batman
« Reply #34 on: May 05, 2021, 07:48 PM »
I used to build with icf's back in michigan. Total icf fan here. there is still alot of wood involved in forming. down there everything is elevated

Offline Christopher Fitch

  • Posts: 135
Re: Holy junk Batman
« Reply #35 on: May 08, 2021, 10:35 PM »
I just bought two sheets of plywood tonight from HD for my MFT cart build that I'm about to start.

I went in yesterday evening to price sheets and they had Birch 3/4" 4x8 sheets at about $70 a sheet. They had about 20 sheets. I went there tonight and all the Birch was gone. Next to Birch spot was a stack of Maple 3/4" sheets. I didn't see a price but I decided I might as well get some even though I expected it to be more pricey than the Birch.  Pay the higher price and get some wood vs waiting. I was wrong - the Maple ply clocked in a $60 a sheet which is about $4 more than what I used to see it at before the prices exploded.

CDX 3/4" full sheets were $86 a sheet.

It's a very very odd market.

So now I'm making my cart out of Maple ply - never expected that.

Fancy!

Offline fraz

  • Posts: 12
Re: Holy junk Batman
« Reply #36 on: May 10, 2021, 12:20 PM »
Hah, happy accidents.  It seems that the construction grade stuff is what is going nuts.  Yeah the Russian birch here went up a bit but there were already supply problems before all this as well plus a Russian embargo (or something like that) hurting the supply. Still, percentage-wise, the good stuff seems reasonably priced ($100) compared to the junk construction wood.

Oh and I went to another lumber yard the other day and asked for 3/4 CDX sheet price... $92! 


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Offline Mortiser

  • Posts: 96
Re: Holy junk Batman
« Reply #37 on: May 10, 2021, 05:49 PM »
I was able to get Maple plywood at Lowes last week. 3/4" was $58 for 4x8 and 1/2" was $54 (go figure). I had to go to four stores to find any on the shelf. It's made in Indonesia. They advertised as "virtually void free" but there are voids. All in all the face veneer was pretty nice on both sides. I had tried to buy some 3/4" and 1/2" Baltic Birch from Wurth (fairly large regional supplier in the southeast) but they said they were out of stock on both until July!
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Rich