Lumber prices hit record high; more White House intervention urged | Woodworking Network | Poal: Say what you want.

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Lumber prices hit record high; more White House intervention urged | Woodworking Network (archive.vn)

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[–] • 2 pts

Yeah. "Free Market". It's all regulated and fake as fuck and designed to get people to demand federal regulation.

Lumber demand definitely outpaced log supply for part of the summer. Early spring orders were cut back due to muh COVID and nobody predicted the explosion in demand from the home improvement and new single-family home start sectors (people stuck at home finally working on their houses and people fleeing cities and building homes in rural areas).

But the mills are not making much effort to ramp up production. It's too convenient to play the coof game and be short on staff and not add extra shifts etc.

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[–] • 2 pts

It sounds like there might be some cause to suspect market manipulation, but it really seems like they're not doing anything wrong. They're just running slower than the market wishes they would run.

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[–] • 1 pt

That's my take on the situation. Lumber prices are at record highs, meanwhile more and more loggers and truck drivers are going under. We've seen delivered log prices like this before but that was years ago when the cost of living, fuel, vehicle and business insurance, business licenses/registrations/permits, etc were all much much cheaper.

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[–] • 2 pts

I've seen the trucking end get hit, so that makes sense it carries over. I can only say it's probably not going to get better any time in the near future - many things seem to be supply crunched right now.

I'm fortunate that it hasn't hit my particular section of electronics, but that just "hasn't hit yet." I suspect the chip shortages everyone is talking about will be affecting other markets before too much longer. Hope I'm wrong there.

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