Page 17 - Random Lengths News Today : Breaking News, Live Updates & Top Stories | Vimarsana

For the first time in recent memory, a lumberyard was the one selling wood to a supplier. Needless to say, this kind of trade - where a customer sells goods to its traditional supplier - is virtually unheard of. MaterialsXchange, a Chicago-based digital trading platform for physical wood products, reports that the trade involved a lumberyard selling about 30,000 square feet of oriented strand board, or OSB ( a cheaper stand-in for plywood that is widely used to make house floors and walls). “Building materials are moving from company to company in nontraditional flows,” said MaterialsXch...

Commercial Construction costs rise 12.8% in a year Some projects ‘in jeopardy of being put on hold,’ one contractor says Casey Port In December, developer Joe Cordaro received bids totaling $6.95 million for an apartment and commercial project planned on Eighth Street in West Des Moines.  Three months later, the project was rebid. The cost? $7.72 million, an 11% increase from the first bid. “The cost changes were insane,” said Cordaro, principal of West Des Moines-based Benchmark Real Estate Group. “If developers can’t absorb the costs, we have to go...

April 2021 – $95.98 /sheet That is 252% price increase on one of the most used piece of common lumber for construction.” Not surprisingly, this post got flagged on Facebook for being “misinformation”. But then PolitiFact looked into this, and they confirmed that the price of plywood really has risen to such levels… Shawn Church, editor of Random Lengths, which publishes price data on the wood products industry, gave us figures for 23/32-inch plywood produced in the Pacific Northwest and the South. The price in the Northwest for Fir 23/32-inch sheathing for the first week of April w...

Would you pay $100 for a sheet of plywood?  I know that sounds absolutely crazy, but we are almost there.  The price of plywood has been soaring into the stratosphere in recent weeks, and analysts are telling us that it will remain high for the foreseeable future.  Memes about plywood have started to pop up all over social media, but this is no joking matter.  These extraordinarily high prices are causing a lot of pain in the homebuilding industry, and many Americans have had to postpone construction plans indefinitely.  Unfortunately, our national leaders continue to flood the system wi...

April 15, 2021 Continue Reading Skyrocketing lumber prices have kept some builders away from purchasing in hopes costs would level out, but now lumber prices are expected to spike even higher. Spring and summer building and buying season is here and demand is even higher. Lumber prices reached $1,048 per thousand board feet last week, according to Random Lengths—a 193% increase from one year ago. But just this week, the May futures contract price per thousand board feet of two-by-fours went from $32 to $1,158, says Fortune. Wood production even hit a 13-year high in February, but it�...