Quote:
Originally Posted by #-3
Building materials are sky rocketing in price too, a combination of lost production capacity, high demand, and lack of inventory at wholesalers. Normally the need for home builders to keep building puts some downward pressure on prices, but margins on a $8.00 2x4 have got to be a lot better than margins on a $2.50 2 x 4, it changes the math on how many houses need to be built and at what price.
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This as well which is surprisingly that entirely a factor of COVID. All of the lumber producers are slowly learning they have the ability to set higher prices at the expense of retailers and builders. OSB last week was $59 which is insane, people are just straight up going to fiberglass for their firewalls now. For comparison pre COVID the same OSB was around $8.