After the Drop
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Lowe's...
1/2020 2x4x8 = $3.09 9/2021 = $6.98 3/2022 = $7.98 Today = $4.33
1/2020 4x8x7/16 OSB = $8.99 9/2021 = $30.98 3/2022 = $40.86 Today = $24.65
In case y'all don't know, lumber futures dropped a little while back. With interest rates climbing and new house starts declining, lumber inventories are climbing. Also, the price of diesel has put a hurt on logging operations (cutters, loaders, log trucks)...Mills are cutting back. Some small mills are contemplating lay-offs or even closing for awhile.
Don't know if we'll see those January 2020 prices again, but if you bang your own nails, I'd be watching material prices as summer winds down a little, but before hurricane season gets into high gear.
