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So, the price of a 2' x 4' sheet of 7/16" OSB at Lowes in my city is currently $52.

The closest Lowes to me has over 1600 on hand. That's a lot.

The next closest one has 1800+ on hand.

The same is true of 2" x4" studs, both 92-5/8" and 96". Over 4,000 of each on hand at the closest store.

Supplies are reaching glut level, and the price can't be sustained that way.

So, the price of a 2' x 4' sheet of 7/16" OSB at Lowes in my city is currently $52. The closest Lowes to me has over 1600 on hand. That's a lot. The next closest one has 1800+ on hand. The same is true of 2" x4" studs, both 92-5/8" and 96". Over 4,000 of each on hand at the closest store. Supplies are reaching glut level, and the price can't be sustained that way.

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[–] • 2 pts

As train yards and inventories stand full.

[–] • 0 pt

I'm a purchasing agent and buy lumber by the car. Mills don't have the lumber to fill demand. 80% of what I'm buying is on allocations.

[–] • 0 pt

Stocking is usually pretty efficient. The demand models that inventory systems use account for price. For that much to pile up in one location indicates that whatever shortage is in place, demand is way down.

Construction jobs don't usually take more than a couple of months and prices were already very high two months ago, which would've affected contracted jobs. While I'm expecting a severe inflation, lumber prices are way ahead of the curve. It'll glut, and the prices will have to drop.

[–] • 0 pt

I'm in the NE. Demand remains extremely high and supply lacking. Lumber is 1 part, sheet rock, insulation, vinyl siding are Very difficult to get.