Friday, May 7, 2021

Lumber futures prices are skyrocketing -- a hard to belive rate of inflation





Source:

"A local electrician with a shop in Idaho near Moscow (where the University of Idaho is) was talking with one of the house builders he does work for. And this is the story he passed on to WOLF STREET:

“Moscow Building Supply (MBS) is the big building wholesaler in Latah County – last summer, you could buy a sheet of OSB [Oriented Strand Board, a type of plywood] at about $12 a sheet (4×8). Last week, $50 a sheet.

“A couple days ago, MBS got a truck load of OSB. A big home builder in Spokane drove down to MSB and bought the entire truck load – even before it was unloaded – for $80 a sheet.

“The next load is scheduled in two weeks. MBS is now telling customers to expect to pay $105 a sheet.

“Also plastic piping, such as 3-inch PVC pipe, commonly used by electricians as conduit. Last fall, my son paid 12 cents a foot. Now it is going for $5 a foot.

“My son says he now gets updates on price sheets from his electrical parts wholesaler weekly, rather than twice yearly."

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