Read Millionaire Fastlane
I've Read UNSCRIPTED
- May 2, 2017
This is why I've adjusted my home projects for this year.Exactly. As I mentioned earlier, the bottleneck isn't in lumber. It's specifically in the finishing of the lumber.
That's why growers are making less money than usual (little demand from the mills), but the mills are charging ridiculous prices (high demand from end-users).
I can still get rough cut lumber pretty cheap in my area (all logged and milled within a couple miles of my house). But anything that requires "hardware store" lumber is waiting until next year.
I don't have the economics background that @JScott has, but my gut is telling me that a lot of the price increases are due to easy cash (stimulus) and supply chain issues. When the supply chain is fixed, and the stimulus is spent, I think we move closer to normal.
This assumes that we don't keep issuing stimulus checks, of course...
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