Lumber prices dropping - your area?

[new2woodwrk]

I got an email this morning on one of my news watches and this is what I got (I have not verified this as of  yet, but will this weekend):

Quote

On May 28, 2021, the cash market lumber price hit its all-time high of $1,515. (Yikes!) According to Fortune Magazine, the price has since fallen 74%, putting it back to 2018 prices. Currently, lumber is around $400.

Can anyone else confirm their area lumber pricing has dropped?

Thanks as always in advance

Edited September 3, 2021 by new2woodwrk

[stoney]

The prices of framing materials in West Michigan has dropped dramatically in the last couple months.

I guess I had better clarify.  What I meant was home or structure framing materials.

Edited September 4, 2021 by stoney
to clarify

[Bill WIlson]

I haven't been following it closely, but I just checked prices on Lowes website. A standard pre-cut 2x4 stud is $3.48.  A 2x4x10' is $7.88 and a 2x4x16' is $10.52.  A 4x8 sheet of 7/16" OSB is $13.85.

I think these prices are considerably lower than they were a few months ago, but I wasn't really tracking the prices, so I don't know how they compare to 2020 or 2019 prices.

[WayneMahler]

I agree with @Bill WIlson. The prices here have dropped significantly. Which is quite the relief.

[TripleJScroller]

I bought 25 2X4 studs today at Home Depot for about $3.50 ea.  About two months ago I priced them at almost $8ea.  Plywood is still a bit high, but coming down as well.  This is in Central Florida.

[Bill WIlson]

Still patiently waiting for ammo prices and availability to return to something resembling normal.  

[crupiea]

Not sure, only buy it like once a year.  Wont need any again for about 6 months or so. Hope its going down though. 

[OCtoolguy]

Where I live, it seems like nothing ever goes down except the sun. I did go to Costco yesterday to gas up the car and the price of regular had gone down $.15 a gallon from 2 weeks ago. Still at $3.74/9 though. About a dollar higher than anyplace else. I'll be surprised if wood/lumber goes down significantly. We can sit and watch all the freighters sitting out in the harbor waiting to be off-loaded. It seems like they never move.

 

[Oldmansbike]

16 minutes ago, octoolguy said:

Where I live, it seems like nothing ever goes down except the sun. I did go to Costco yesterday to gas up the car and the price of regular had gone down $.15 a gallon from 2 weeks ago. Still at $3.74/9 though. About a dollar higher than anyplace else. I'll be surprised if wood/lumber goes down significantly. We can sit and watch all the freighters sitting out in the harbor waiting to be off-loaded. It seems like they never move.

 

Be glad you don't live in Colorado or Utah. Was there 2 weeks ago $4.19 a gallon wherever we stopped. As we came back home to Iowa the gas got a lot cheaper in Wyoming and Nebraska 

[OCtoolguy]

1 hour ago, Oldmansbike said:

Be glad you don't live in Colorado or Utah. Was there 2 weeks ago $4.19 a gallon wherever we stopped. As we came back home to Iowa the gas got a lot cheaper in Wyoming and Nebraska 

You'll note that I said Costco. Regular stations are $1.00 or more higher. 

[crupiea]

6 hours ago, octoolguy said:

Where I live, it seems like nothing ever goes down except the sun. I did go to Costco yesterday to gas up the car and the price of regular had gone down $.15 a gallon from 2 weeks ago. Still at $3.74/9 though. About a dollar higher than anyplace else. I'll be surprised if wood/lumber goes down significantly. We can sit and watch all the freighters sitting out in the harbor waiting to be off-loaded. It seems like they never move.

 

Paid $4.09 on the Navy base yesterday.  Its not coming down anytime soon.  

[lawson56]

I haven't bought any in the last couple of weeks, when I buy I buy enough to last several weeks, But I have herd they are dropping a little.

[Be_O_Be]

Framing lumber has come down in our area but still higher than what it was a year ago. Plywood and sheet goods are still more than double in price. Other building material, electrical, plumbing are still over priced. I replaced some 2'x2' ceiling panels in 2019 at $4.10 per panel, now $11.53 per panel.

[Dan]

About 2 months ago I paid almost $9 for one 2x4 by 8 feet. I checked yesterday and the price was down to $3.64. Plywood seems a little better too.

[Norm Fengstad]

I heard lumber has gone down where I live but gas is 1.32 per litre which works out to just over $5.00 per U.S. gallon