View Single Post
  #2   Report Post  
Posted to rec.woodworking
Leon[_7_] Leon[_7_] is offline
external usenet poster
 
Posts: 12,155
Default Current lumber prices explained

On 4/21/2021 9:46 AM, John Grossbohlin wrote:
This is the best overall explanation Ive come across. It reflects in
one place the bits and pieces of the story Ive seen in the Wall St.
Journal and other reliable sources.

https://www.youtube.com/watch?v=9e1_6kHG8zc&t=53s



Sooo what we are seeing is that workers are not working. Employers are
having to pay top dollar to get the workers off of the governments tit.
There IS a labor shortage.

Secondly, demand for new housing is probably at an all time high. I
have heard several builders say that they cannot get bricks, along with
everything else.

More people are working at home now days and need a suitable home, with
preferably a dedicated office. Many current homes do not have dedicated
office space.

When supply is limited and demand is up prices go up.