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Discussion Starter #1
I’ve got myself in a pickle with my schedule for renovating an old house. I need to buy 1800 sf of underlayment 1/2” plywood or osb but I also need to wait a while and see if prices creep down. Any predictions about where plywood/osb prices are headed? If I can save a few hundred bucks by waiting a few months I will.
 

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retired painter
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Building materials always go up in price when there are big or multiple damaging hurricanes. If I remember correctly it takes 6-12 months for the prices to return to normal .... but that doesn't take into account the pandemic's effect on the supply.
 

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IMO, time is more important than a few hundred dollars. Delaying now can snowball.

Bud
 

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Naildriver
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Hurricane season, Covid 19 and an election year......you're screwed. OSB has jumped locally from $9.84 a sheet to $24.95 a sheet. It's not coming down any time soon. People are still buying it, so why would retailers lower the price?
 

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i have not much looked in the lumber dept lately. but what i did look at, there was NO shortage at all. yet they say the price is because of shortages. seems like an excuse to jack the prices.
 

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Njuneer
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Agreed, I talked to a dimensional lumber mill 2 weeks ago that indicated no shortage and lumber is in stock. This has just become an excuse game. Until people finally stop buying, it won't go down.
 

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Naildriver
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The high prices are causing new homes to be reevaluated, and some customers are putting off new construction as well as remodeling due to modified estimates with inflated lumber prices. THIS in itself will start a trend of having lumber prices come down, hopefully.
 

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When you have a building boom, material prices go up, even when there is ample supply.
One reason for this rush to buy new homes is the record low mortgage rates.
 

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I’ve got myself in a pickle with my schedule for renovating an old house. I need to buy 1800 sf of underlayment 1/2” plywood or osb but I also need to wait a while and see if prices creep down. Any predictions about where plywood/osb prices are headed? If I can save a few hundred bucks by waiting a few months I will.
Prices on lumber is nuts right now. I'm in Jersey, not that it matters since prices are up basically everywhere. Pre-pandemic, I could get 1/2" OSB for under $10. Went to Home Depot over the weekend. It was up to $25. A 2x4 would run you about $3 pre-pandemic. They were $6.5 over the weekend. I'm nearing the end of a flip. Thankfully don't need to buy this stuff much anymore. I don't envy you. If you're buying that much and the hardware store near you offers bulk pricing, that's an option to save. I know Home Depot does that, but that depends if it's available to you geographically.

But to know where they're headed, who knows.
 

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Discussion Starter #15
Prices on lumber is nuts right now. I'm in Jersey, not that it matters since prices are up basically everywhere. Pre-pandemic, I could get 1/2" OSB for under $10. Went to Home Depot over the weekend. It was up to $25. A 2x4 would run you about $3 pre-pandemic. They were $6.5 over the weekend. I'm nearing the end of a flip. Thankfully don't need to buy this stuff much anymore. I don't envy you. If you're buying that much and the hardware store near you offers bulk pricing, that's an option to save. I know Home Depot does that, but that depends if it's available to you geographically.

But to know where they're headed, who knows.
Just got a quote on Advantech 3/4" tongue and groove OSB at $66 a sheet...
 

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Property Mgt/Maint
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1.) I think you have to bite the bullet and get on with your construction.
2.) Don't use OSB for underlayment. 3/4 OSB subfloor ok, 1/2 osb as underlayment is a big mistake
3.) At 1/2 thick you are just a few sheets shy of full pallet bundle. At Lowes or other you should be able to get a 20% or more disc for bulk pricing. In the past, I have purchased full pallets and only taken 20 or so at time over several weeks.
4.) Good luck with your project.
 

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You gotta figure out how much you'd pay in delay (carrying costs if you're doing a flip, rent for a place you're living now if you're reno'ing a house, etc.) waiting for prices to come back down—if they ever do—vs. how much you'd just shell out for the materials now.
 

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Discussion Starter #18
1.) I think you have to bite the bullet and get on with your construction.
2.) Don't use OSB for underlayment. 3/4 OSB subfloor ok, 1/2 osb as underlayment is a big mistake
3.) At 1/2 thick you are just a few sheets shy of full pallet bundle. At Lowes or other you should be able to get a 20% or more disc for bulk pricing. In the past, I have purchased full pallets and only taken 20 or so at time over several weeks.
4.) Good luck with your project.
Yep I am shopping for 1/2 inch CDX plywood right now. There are no bargain prices out there!

Have not even looked at 3/4 hardwood flooring and drywall prices yet...are they skyrocketing too?
 

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Years back it was not cost efficient to tear a house down for the materials in it, it is now days. There is a pretty fair market for recycled lumber and materials.
 

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I've been saving my pennies for the last three years in order to buy materials to build a cabin in the mountains when I retire this coming May. Lumber has more than doubled since March of this year so I no longer have enough money saved to build. There is only one way to solve this issues and that is for everyone not to buy any lumber, at all. As stated in earlier comments, there's no reason for prices to come down if people are willing to pay theses prices now. And they will pay these prices because interest rates are so low. And the industry knows that. They know about the low interest rates and the publics restlessness to build and build now while the rates are so low.

There are no less than four houses that have been built in the last few months in my area and all those houses are within a mile of each other. There is no lumber shortage! The lumber industry and retailers are relying on the low interest rates to bait people into building so they raised the prices for that fact, and call it a shortage to justify the increased prices. The shelves are full of lumber at both Lowes and Home depot and there's always a line of people wheeling lumber out to their trucks whenever I go there. I shake my head at the damn fools. Because as long as they're willing to pay these prices, the prices will stay up or even go higher yet.

But maybe those people are unaware that the price of lumber has more that doubled. Maybe this is the first project they have ever undertaken in their life and don't know what they are doing for the industry, and old folks like me who were relying on a stable market to get by. What we need to do, what I am going to try to do, is get the word out about the market and how prices are way up and that the only way to get it to go back down is to not pay these prices. If nobody is buying lumber the price has to come down. Nobody is going to buy my car for $2,000.00 if it's only worth $100.00. I would be forced to lower the price if I want to sell it.

So I start here in an effort to try to talk y'all into not buying any lumber, at all, until the price comes back down to an affordable level. A pre-pandemic level anyway. Or don't y'all care either and will just pay the price without a fight? I'm asking this community to come up with ways to get the word out nationwide to educate the public and start a movement in order to force the industry to lower their prices. And all it would take is for people to stop buying lumber for a few months. Any lumber! All lumber! That should do it. So if you tell all of your friends to stop buying lumber, and they tell all their friends, and their friends... Bam! I can build my house in May as planned. Selfish aren't I? :) What say ye DIY Chatroom community? I'm heading over to facebook right now. Then to a blog. Then I think I'll picket Home Depot and Lowes. ...A cord of three strands is not quickly broken...
 
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