Spam prevention
Rainmaker
3,989,198
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Uh-Oh.  Zapped by a sapling sales representative.  

Jun 15, 2021 02:27 PM
Ambassador
2,551,960
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Prices will have to drop a lot, to return to what they once were. 

Jun 15, 2021 02:16 PM
Rainmaker
842,897
Peter Mohylsky. Broker
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY

Yes, two weeks in a row.  Production has been ramped up to meet demands. 

Jun 15, 2021 01:33 PM
Rainmaker
809,467
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Yes, they are falling, but are not expected to go down to pre-pandemic levels from what I understand.

Jun 15, 2021 01:09 PM
Ambassador
3,009,930
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

That is good news - yet prices of everything else continue to increase. 

Jun 15, 2021 02:51 PM
Rainmaker
875,754
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

That is good news. Yet, I doubt if the savings will be passed on to the buyers of homes built with cheaper lumber.

Jun 15, 2021 06:29 PM
Ambassador
4,513,881
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I read somewhere that lumber prices were dropping. But it seems like prices on everything else are going up

Jun 15, 2021 12:52 PM
Rainmaker
3,363,680
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Ron and Alexandra Seigel thanks for the update, lower lumber prices will help everyone. Have a good day!

Jun 15, 2021 03:05 PM
Rainmaker
2,619,615
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Supply & demand remains an interesting subject. Decades ago, when they had surplus meat, milk or fruits, they destroyed them making what was available expensive. It then triggered orders for products back into the normal par flow. If done right, there is short-term money to be made

Jun 15, 2021 12:21 PM
Ambassador
2,547,641
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Glad to hear that Ron and Alexandra Seigel, perhaps the new construction industry will get back to realistic pricing soon. I can dream!!!

Jun 15, 2021 06:31 PM
Rainer
312,072
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I have a feeling builders are not going to reflect this dropin their prices for quite some time. I suppose we will see if this is true soon enough. 

Jun 15, 2021 08:59 PM
Rainer
131,393
Jerrill Ewing
N & J Lake Properties, LLC - Eatonton, GA
Builder

absolutely NO ONE has hoarded lumber here.  There was a LOT of building and mills had limited employees with people not working much of last year and it was simply supply and demand.  With the vaccine our mills are back running at full capacity and prices are easing back a bit.  I buy my lumber direct from the mill.

Jun 16, 2021 10:13 AM
Rainmaker
3,450,130
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I haven't heard it, but I hope that it is true.  I was talking with a contractor over the weekend and he was telling me the prices and they sounded insane.

Jun 16, 2021 03:52 AM
Rainmaker
836,830
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Not much here. I just saw 4'x8'x1/2" plywood went up to 70.00+ a sheet. Lumber yards have had plenty of supply for at least 2-3 months. I've seen multiple train cars coming into Brunswick RR station for the last few months loaded with lumber, but no one seems to be in a rush to reduce prices here. some are still raising prices. I've been holding off buying plywood which was 67.00 a sheet 2 weeks ago, then in went to 70.00, and today it's 75.00 a sheet.

Jun 16, 2021 06:21 AM
Rainmaker
3,954,910
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I saw that earlier this week... about 5% down... but still prices are high. Right now builders are telling me it's less the cost than just getting their hands on the lumber.

Jun 16, 2021 04:15 AM
Rainmaker
1,367,621
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Great news!

Jun 15, 2021 10:12 PM
Ambassador
5,263,390
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I wonder what happened with all those toilet paper hoarders from last spring.

Jun 15, 2021 08:25 PM
Rainmaker
6,424,418
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good news but will that impact housing prices?

Jun 16, 2021 04:49 PM
Rainer
258,254
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

hasn't gone down here

Jun 16, 2021 04:24 PM
Rainmaker
3,883,946
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Thanks for passing this on to us.  I have a client that is waiting to put a fence up because the wood it to expenses

 

Jun 16, 2021 12:32 PM
Rainmaker
530,535
Steven Nickens
Wailea Realty - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Great news, now maybe I will be motivated to finish my shed roof.

Jun 16, 2021 09:14 AM
Rainmaker
4,782,021
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Hopefully this helps new construction - as right now is pretty scary buying a new home.  Builders are raising prices AFTER the contract is approved.

Jun 16, 2021 06:26 AM
Rainmaker
4,064,252
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes I heard the story. But they need to drop more.

Jun 16, 2021 04:17 AM
Rainmaker
1,685,923
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

That's what happened with toilet paper too. Stupid hoarders.

Jun 18, 2021 06:21 AM
Rainmaker
575,475
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

And someone just told me that lumber prices have skyrocketed!

Jun 17, 2021 01:59 PM