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Lumber prices
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<blockquote data-quote="Painless300" data-source="post: 2001269" data-attributes="member: 115546"><p>I work for one of the largest wholesale building product distributors in the US. 2020 has been an extremely challenging year. Covid cause March and April to slow but it came back huge in May with record #'s. Not enough supply in commodities ie. Lumber and panels. Prices shot up to highs I have never seen before and I have been trading lumber for 23 years. However for those of you that are thinking about building the good news over the last few weeks the prices are dropping and will probably drop in big numbers and very fast, mills are begining to be over produced so if you can hold off on your projects you will save a lot of money. It will take several months before you start seeing the pricing drop at the retail level but they will drop in the next month or two.</p></blockquote><p></p>
[QUOTE="Painless300, post: 2001269, member: 115546"] I work for one of the largest wholesale building product distributors in the US. 2020 has been an extremely challenging year. Covid cause March and April to slow but it came back huge in May with record #'s. Not enough supply in commodities ie. Lumber and panels. Prices shot up to highs I have never seen before and I have been trading lumber for 23 years. However for those of you that are thinking about building the good news over the last few weeks the prices are dropping and will probably drop in big numbers and very fast, mills are begining to be over produced so if you can hold off on your projects you will save a lot of money. It will take several months before you start seeing the pricing drop at the retail level but they will drop in the next month or two. [/QUOTE]
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