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Building Materials and materials going up... #15949200 03/28/21
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CashisKing Offline OP
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So back at the end of January I ordered a couple of metal buildings for installation here shortly.

Starting to acquire the subordinate build-out. Lights electrical panels, wiring Etc.

Holy smoke, prices are crazy. This is just a friendly piece of advice for you guys, if you're starting to need stuff you might want to pay a whole lot of attention now as opposed to 6 months from now.


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Re: Building Materials and materials going up... [Re: CashisKing] #15949235 03/28/21
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I'm thinking about 12 months from now, when the liberal half of the country figures out that Sleepy Joe ain't gonna save them and the COVID money stops coming, the economy is going to tank. Hard! It will make 2008 look like a bump in the road. Then, building will come to a halt and material prices will drop drastically.
Just a guess, though. And I work as a professional meteorologist in my real life, so I'm used to being right in my predictions only 51% of the time. 😊

Re: Building Materials and materials going up... [Re: CashisKing] #15949364 03/28/21
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We were planning to build in June and now don’t know what to do. On one hand I think waiting a bit things may cool off but I also thought that a few months ago. This inflation scares me.

Re: Building Materials and materials going up... [Re: CashisKing] #15949381 03/28/21
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ejo Online Content
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I was getting ready to build last fall. Even had the well and electric done but decided building a house with materials this high made no sense. Bought the neighbors house with 13 more acres, garage, sap house and nicer house than I was going to build and all for $120k less than I was going to pay building. Also, labor is also stupid high. It’s hard to believe this can keep up but inflation is coming. Good luck.

Re: Building Materials and materials going up... [Re: CashisKing] #15949392 03/28/21
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Well, OSB was 10 bucks a sheet, its now 60 bucks.
They log the timber above my house, take it to the mill about 10 miles away, sell it back to me, and its now 60 bucks??
So that is a 600% increase lol.

IC-A

Re: Building Materials and materials going up... [Re: CashisKing] #15949485 03/28/21
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I'm really glad I built 3 years ago. It took some time to talk the wife into because we had a nice house. In the time she drug her feet osb went from $8 to $13.31, framing labor went from $3.75 a foot to $5.50, and foundation concrete work went from $185/yard to $220.

Our house was about 20% more overall than my bids 6 months earlier. I wouldn't have guessed theu would continue to rise at that rate for 3 more years. We wouldn't have been able to build half of this house had we waited until now.

I feel sorry for young couples trying to get into their first home. A guy that works at the gunshop was telling me how he and his wife are trying to buy but keep getting outbid. I told him about a 4 bed 2 bath rental home I had and showed him a few pics and he begged me to sell it to him and committed me to giving him a shot at it before I list it. I had to tell him I didn't really want to sell it because of all the tax I'd owe. My property tax assessment went up about 35% in one year on it.

I wish I would have kept my other rental homes until now. I just got sick of renters.

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Re: Building Materials and materials going up... [Re: CashisKing] #15949587 03/29/21
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I started remodeling my home in Sept. of '18 and we moved in in March of '20. If we had waited until now to do the work, it would have cost 3 times as much. I was planning on building a carport this summer, but because of lumber prices, that project is on hold.


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Re: Building Materials and materials going up... [Re: CashisKing] #15949595 03/29/21
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you will pay more upfront but save a bundle on interest. rates are low

Re: Building Materials and materials going up... [Re: CashisKing] #15949616 03/29/21
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Everything is up now, Fast becoming a third world country.

Re: Building Materials and materials going up... [Re: CashisKing] #15949656 03/29/21
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Where you been tater?

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Re: Building Materials and materials going up... [Re: CashisKing] #15949903 03/29/21
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Demand is driving the scarcity and price.

I know of a major building products producer that's doing 1300 full truck loads A DAY of building supplies and has been above 1200 for the last 9+ months.

2020 was primarily demand driven shortages - we're about to get to supply driven shortages here (not building but overall) inventory to sales is at 2012 lows and it would take 687,000 loads of freight right now just to get inventory to pre-covid levels - that doesn't count the INCREASE in demand since Covid.


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Re: Building Materials and materials going up... [Re: CashisKing] #15949937 03/29/21
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We saw similar price and supply issues in 2008 ..... it didn't last long.


"Life is tough, even tougher if your stupid"
John Wayne
Re: Building Materials and materials going up... [Re: Teal] #15949959 03/29/21
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Originally Posted by Teal
Demand is driving the scarcity and price.

I know of a major building products producer that's doing 1300 full truck loads A DAY of building supplies and has been above 1200 for the last 9+ months.

2020 was primarily demand driven shortages - we're about to get to supply driven shortages here (not building but overall) inventory to sales is at 2012 lows and it would take 687,000 loads of freight right now just to get inventory to pre-covid levels - that doesn't count the INCREASE in demand since Covid.


The left imports all these third world shcitheads and somehow Americans are supposed to be thrilled.


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Re: Building Materials and materials going up... [Re: CashisKing] #15949962 03/29/21
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wabigoon Online Content
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I was in a Menards yesterday nothing short, just high priced.


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Re: Building Materials and materials going up... [Re: CashisKing] #15949964 03/29/21
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Loggers are terrified of covid.

Re: Building Materials and materials going up... [Re: Fireball2] #15949972 03/29/21
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Teal Offline
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Originally Posted by Fireball2
Originally Posted by Teal
Demand is driving the scarcity and price.

I know of a major building products producer that's doing 1300 full truck loads A DAY of building supplies and has been above 1200 for the last 9+ months.

2020 was primarily demand driven shortages - we're about to get to supply driven shortages here (not building but overall) inventory to sales is at 2012 lows and it would take 687,000 loads of freight right now just to get inventory to pre-covid levels - that doesn't count the INCREASE in demand since Covid.


The left imports all these third world shcitheads and somehow Americans are supposed to be thrilled.


I'm not making the connection between the bulding products company I mentioned, volumes and inventory to sales ratios and your comment.


Me

Re: Building Materials and materials going up... [Re: CashisKing] #15949974 03/29/21
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troublesome82 Offline
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This increase has been rather steady now. I hope all who say it won't last too long are correct, but I am not going to be overly optimistic. I took a hit last season on lumber prices as I kept my labor prices affordable for the farmers and the home owners.

Re: Building Materials and materials going up... [Re: CashisKing] #15949989 03/29/21
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A friend's mother is having a house built. Increase in cost of building supplies just added $30,000 to the cost. I don't know the original cost but probably somewhere around $250,000. So about 10% more or less.
My feeling is this won't last very long. People will do as Randy has done and just wait to build. Of course as long as the government keeps handing out money like they have it to give away, who knows?

Re: Building Materials and materials going up... [Re: CashisKing] #15950025 03/29/21
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I signed a contract for a new house build in January, locking in the price... the builder just ordered trusses. He might break even on the house.


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Re: Building Materials and materials going up... [Re: CashisKing] #15950099 03/29/21
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280Rem1 Offline
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We did the same, locking in the price last July. Just moved in to our new house the past week and last night was our first night in the new home.
I feel bad for the builder as he and his wife are exceptional people... and he took a pretty good hit on this build.

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