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jswordy

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My concrete guy stopped by this week to measure for our patio and driveway. He said our house would cost $50,000+ more now (even though we just moved in the end of Jan.)
So true! Couple just bought the 5.5 acres next to me, with two trailers and a barn on it. What they gave! I did a quick calculation based on their per-acre price, and my place should be worth –––– Nah, that's impossible! :p
 

mainshipfred

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My concrete guy stopped by this week to measure for our patio and driveway. He said our house would cost $50,000+ more now (even though we just moved in the end of Jan.)
There are several of us on the forum in the construction industry. I realize it tough to swallow but the increases are legit. I have some vendors who will only hold their prices for 3 days and some not even that.
 

jswordy

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There are several of us on the forum in the construction industry. I realize it tough to swallow but the increases are legit. I have some vendors who will only hold their prices for 3 days and some not even that.
Yeah, nephew owns a pallet factory and buys LOTS of dimensional lumber, OSB and plywood. He says the plywood plant still has $8 a sheet in 3/8" OSB, for example, out the door. The rest is transportation and shortage/demand. Lots of sawmills and plants cut way back last year cuz they thought COVID would mean housing starts would slow dramatically. But they jumped instead. Futures are over $1,650 right now. Last year around now, $256. NUTS!
 

mainshipfred

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Yeah, nephew owns a pallet factory and buys LOTS of dimensional lumber, OSB and plywood. He says the plywood plant still has $8 a sheet in 3/8" OSB, for example, out the door. The rest is transportation and shortage/demand. Lots of sawmills and plants cut way back last year cuz they thought COVID would mean housing starts would slow dramatically. But they jumped instead. Futures are over $1,650 right now. Last year around now, $256. NUTS!
We don't deal much in wood but rather steel and the cost increases is just as bad if not worse.
 

jswordy

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We don't deal much in wood but rather steel and the cost increases is just as bad if not worse.
Yeah, it'll be like that for a while until the economy rebalances heading into 2022, stimulus efforts fade and long-term forces that have held prices in check reassert themselves, like an aging population, automation and global competition that will soften demand and weaken companies’ pricing power.
 
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