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Michael Trew Michael Trew is offline
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Default Current lumber prices explained

On 4/21/2021 11:48 AM, Leon wrote:
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.


That's been quite a theme lately. Fast food restaraunts especially
can't get workers... people would rather have unemployment and make
more. Arbys is giving out free sandwiches and milkshakes to anyone that
comes to open interviews in early May (can't remember the day).