Building materials up 18%
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Building materials up 18% (by BRAD 20,000 [IN]) Jan 10, 2022 11:38 PM
       Building materials up 18% (by Robert J [CA]) Jan 11, 2022 12:23 AM
       Building materials up 18% (by Roy [AL]) Jan 11, 2022 4:38 AM
       Building materials up 18% (by LeePookie [IN]) Jan 11, 2022 7:56 AM
       Building materials up 18% (by Busy [WI]) Jan 11, 2022 8:01 AM
       Building materials up 18% (by Roy [AL]) Jan 11, 2022 8:28 AM
       Building materials up 18% (by S i d [MO]) Jan 11, 2022 8:51 AM
       Building materials up 18% (by Busy [WI]) Jan 11, 2022 8:52 AM
       Building materials up 18% (by SHAUN [FL]) Jan 11, 2022 9:40 AM
       Building materials up 18% (by NE [PA]) Jan 11, 2022 9:47 AM
       Building materials up 18% (by WMH [NC]) Jan 11, 2022 10:03 AM
       Building materials up 18% (by Busy [WI]) Jan 11, 2022 10:31 AM
       Building materials up 18% (by 6x6 [TN]) Jan 11, 2022 11:12 AM
       Building materials up 18% (by NE [PA]) Jan 11, 2022 11:16 AM
       Building materials up 18% (by SHAUN [FL]) Jan 11, 2022 11:36 AM
       Building materials up 18% (by MikeA [TX]) Jan 11, 2022 1:49 PM
       Building materials up 18% (by Busy [WI]) Jan 11, 2022 2:33 PM
       Building materials up 18% (by Chris [CT]) Jan 11, 2022 3:03 PM
       Building materials up 18% (by Deanna [TX]) Jan 11, 2022 3:25 PM
       Building materials up 18% (by Wilma [PA]) Jan 11, 2022 3:46 PM
       Building materials up 18% (by Small potatoes [NY]) Jan 12, 2022 12:20 AM
       Building materials up 18% (by Chris [CT]) Jan 12, 2022 10:42 AM
       Building materials up 18% (by Deanna [TX]) Jan 13, 2022 9:10 AM
       Building materials up 18% (by NE [PA]) Jan 13, 2022 9:13 AM
       Building materials up 18% (by Deanna [TX]) Jan 13, 2022 12:59 PM
       Building materials up 18% (by zero [IN]) Jan 15, 2022 9:43 AM

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Building materials up 18% (by BRAD 20,000 [IN]) Posted on: Jan 10, 2022 11:38 PM
Message:

Todayís headline:

Builders cannot finish their homes due to material shortages. Asking inspectors for leniency to provide occupancy permits without garage doors, gutters, etc.

Overall const materials have increased by 18.8% Nov Ď22 over Nov Ď21.

I expected a higher number.

BRAD D --73.102.xxx.xxx




Building materials up 18% (by Robert J [CA]) Posted on: Jan 11, 2022 12:23 AM
Message:

In most cases, it's not just the price! It's getting the inventory needed and meeting the current standards. --47.155.xx.xxx




Building materials up 18% (by Roy [AL]) Posted on: Jan 11, 2022 4:38 AM
Message:

I am buying pick-up truck loads of lumber right now to rebuild a collapsed front porch. Yes, lumber prices are up but the availability of that lumber is more than important than price. Today I am shopping for 50-(2x6x12) decking boards. I may have to shop additional vendors if Lowes does not have what I need in stock. This deck has to be built now and can't wait until Spring or Summer. If I can find what I need today, this new porch could be finished by late Wednesday. My crew is waiting on me to bring them lumber. --71.207.xxx.x




Building materials up 18% (by LeePookie [IN]) Posted on: Jan 11, 2022 7:56 AM
Message:

WHEN we can find it, we buy extra...

We look WAY ahead on our flips on what we will need ad get it coming if it's not in stock.

In stock? We buy it and warehouse it

Our favorite local supplier does a good job in helping keep us up to date. Hey, spend $20k with them and got a free shirt (long sleeves) this Christmas!! lol

--96.31.xxx.xxx




Building materials up 18% (by Busy [WI]) Posted on: Jan 11, 2022 8:01 AM
Message:

Roy, If Lowes has what you want, you might be able to get them to Ship to Store additional quantities, or, if there are quite a few Lowes in your area, use the Change Store feature on their website to see which Lowes stores have more.

You probably already knew about this, but just in case .....

Outages and low inventory are getting so frequent that I check stores' quantities online first, before I head out to pick something up. Saves gas and time for me. We have the luxury of quite a few Menards and Home Depot stores in the area, just the one Lowes nearby (two others closed in last economic downturn) --70.92.xxx.xxx




Building materials up 18% (by Roy [AL]) Posted on: Jan 11, 2022 8:28 AM
Message:

Busy,

I learned years ago never to allow Lowes or HD employees choose my lumber. 1/3 of it will be twisted, crooked, excessive knots, etc. This is a job I have to do myself. Lowes does deliver but if the ground is wet like it is now, they will dump the lumber on the driveway which is NOT where I need it. My town has one Lowes store and the closest HD is 40 miles away. I do have a small storage shed and anything I have left over will end up there.

When this porch project is done, I will make a follow up post about it. I want to know how other LL's would have handled this type of project, especially Brad20K. --71.207.xxx.x




Building materials up 18% (by S i d [MO]) Posted on: Jan 11, 2022 8:51 AM
Message:

We're blessed with the quantity available for most materials that go into fixing. I wouldn't want to imagine being stuck waiting to sell a house because I couldn't get gutters.

18% seems low to me too, but still high. Costs are far outpacing wages and rents even. Folks who aren't raising rents now are going to look up in 2025 and wonder why their income won't buy half what it did in 2022. I'm considering this year doing my first ever "added" rent bump: our lease has an automatic 2.9% rent increase if we do nothing, but we have the option to request more or non-renew. I'm bumping turnovers by 10-15%. Might as well do the same with renewals. Where are they going to go? Everywhere else is at least as expensive if not higher. Downsize or stay are the only options.

I haven't got a functional crystal ball, but I think we're going to see a lot more older houses falling into disrepair as cheapskate land lord who fail to raise rents find themselves unable to purchase the supplies or hire the labor to get the job done. This will further shrink an already low housing supply, pushing rent and values up. I'm hanging on, for now. Commercial looks tempting though: those big metal boxes with concrete floors last 50+ years with little to no maintenance other than routine checks on the HVAC and water heater.

--108.230.xxx.xx




Building materials up 18% (by Busy [WI]) Posted on: Jan 11, 2022 8:52 AM
Message:

Oh, definitely agree about letting the stores choose it. Yeah, Ship to Store could be touchy. Iíd standing there going through their pile, returning half of it. Probably doubly, because as a short Grandma, theyíd think they could pawn that junk off on me!

Last time I bought a bit of lumber , store employee saw me reaching overhead inspecting 2x10s. He popped over, grabbed the two worst and stuck them on my cart. Uh-huh. I wrestled two, but longer ones down from the next shelf, as the size I needed were all junk. He gave me a dirty look. Hey, buddy, I never asked for help, and Iím capable. Just short. Lol! --172.56.xx.x




Building materials up 18% (by SHAUN [FL]) Posted on: Jan 11, 2022 9:40 AM
Message:

At the beginning of the pandemic, I raised my 10% drop calculations to 30%. All unused wood was put in storage. Even built a storage frame under a overhang roof, to keep it off the ground and dry. Now I have my own little lumber yard. Great when I only need one/two boards. But if I need more than two, I go to the store and buy what I need, plus 30% drop. 20% gets put into storage.

So far it is working. --173.31.xxx.xxx




Building materials up 18% (by NE [PA]) Posted on: Jan 11, 2022 9:47 AM
Message:

Shaunís got the right idea. If you have a certain number of units, there comes a point where you should have your own little Home Depot somewhere. Either a garage or storage unit. When I buy at auctions, I have often bought large quantities of items that Iíll never use in a lifetime. Iíll keep a bunch and sell the balance for a profit. Then Iíll end up with the remainder for free. --24.152.xxx.xx




Building materials up 18% (by WMH [NC]) Posted on: Jan 11, 2022 10:03 AM
Message:

That's an AVERAGE increase. Just yesterday DH had to buy some stainless steel washer hoses and they had gone up more than 50%. --50.82.xxx.xxx




Building materials up 18% (by Busy [WI]) Posted on: Jan 11, 2022 10:31 AM
Message:

Often I've thought of getting a duplex, renting one unit to a tenant, then using the other for storage/ workshop/ break room facilities. Having the tenant in one unit would help with security, also helps with expenses. Back in, oh, 2012-2014, a duplex could be had for almost less than a SFH. So, for those of you expanding your empire, that might be a solution.

Tenant would have benefit of not having neighbors overhead in the evening. In my neighborhoods, I'd use the upper unit for my space. More hauling, but, a pulley system to the upper level could work well. As a farm kid, I've seen plenty of those. Thieves are lazy/opportunists upper level might be too much trouble for them. (And i wouldn't need to go to the gym! Lol!)

Bathroom was hard to find during pandemic, labor shortage has made dine-in less available. Having a bathroom in the city would be great . I do not like to use tenants' facilities. Creeps me out. --70.92.xxx.xxx




Building materials up 18% (by 6x6 [TN]) Posted on: Jan 11, 2022 11:12 AM
Message:

I believe the average inflation rate is really more like 50%. The government tells lies. I don't understand why people don't see this and raise a big stink over it like they do everything else. --73.120.xx.xxx




Building materials up 18% (by NE [PA]) Posted on: Jan 11, 2022 11:16 AM
Message:

6x6, we operate with fiat currency. Itís our job as investors to exchange fiat currency for real assets. Fake money loses value by design. When your money is backed by the full faith in government, it becomes malleable. --24.152.xxx.xx




Building materials up 18% (by SHAUN [FL]) Posted on: Jan 11, 2022 11:36 AM
Message:

My own little lumber yard strikes again :-)

Maintenance noticed some questionable deck boards at a property.

We took two from the deck board stack for a repair. Cool thing is these are already dried/seasoned so they can be painted at installation. --173.31.xxx.xxx




Building materials up 18% (by MikeA [TX]) Posted on: Jan 11, 2022 1:49 PM
Message:

It could be worse. I went to the cancer center yesterday to get some blood work done. The lady drawing blood told me that she was having to draw it with an old fashioned hypodermic because they haven't been able to get the right equipment in a month. She also said that some of the Chemo medications were in such short supply that they were being held in regional distribution centers and released to arrive they day it is to be used, they are afraid they are going to run out of the chemo drugs before they can get it stocked back up. You know it's getting bad when life saving medications are at risk. --209.16.xx.xxx




Building materials up 18% (by Busy [WI]) Posted on: Jan 11, 2022 2:33 PM
Message:

Oh, Mike! I am sorry to hear that. Goes to show we need critical supplies made right here in North America ( not leaving you out, our northern neighbors!) And really, good for any country to have self-reliance on critical goods.

Speaking of critical supplies, we just got signed up to donate BLOOD tomorrow. Im a fairly frequent donor, but blood center screwed up my last scheduled appointment, so i haven't donated since summer. My husband rarely donates, but he signed us both up.

Blood donation is one supply we do control. Sign up if you can, please! --70.92.xxx.xxx




Building materials up 18% (by Chris [CT]) Posted on: Jan 11, 2022 3:03 PM
Message:

It seems to be about 30%-35% more to build a house today then in 2019.

For example I just got a load of sheet rock, with a few boxes of screws. It was $4,309 delivered. I just looked up the same house that I did in the winter of 19/20, I paid $2,737.

That's just one item! --24.45.xxx.xxx




Building materials up 18% (by Deanna [TX]) Posted on: Jan 11, 2022 3:25 PM
Message:

Was at the City Council meeting last night. One agenda item was about a sewer repair that had been quoted in 2019 and authorized in 2020. It was coming to the end of the budget, but also coming up one block short, because the cost of materials was up 60% since 2019. --107.77.xxx.xx




Building materials up 18% (by Wilma [PA]) Posted on: Jan 11, 2022 3:46 PM
Message:

We have a home project that requires LVL joists. We're having a devil of a time just finding them, let alone getting pricing. And of course, we need a roof, siding, and windows at home and at a rental. We'll purchase little at a time as needed, and then stock up when we can. --98.115.xxx.xxx




Building materials up 18% (by Small potatoes [NY]) Posted on: Jan 12, 2022 12:20 AM
Message:

I keep a one car garage at one of my properties for lumber and storage. I got a great start years ago when my friend closed his carpentry shop. I took the racks and a lot of the supplies. I still have not run out of sandpaper, lol. at another place I have a bonus room with appliances.

Roy, when I order from the lumber yard for large projects, I over order and decline the split, twisted boards w/out being short for my job. if I needed 50 boards I'd order 60 min. --172.58.xxx.xx




Building materials up 18% (by Chris [CT]) Posted on: Jan 12, 2022 10:42 AM
Message:

Getting lumber hasn't been an issue since last summer, the price has! My lumber yard has plenty of material.

--24.45.xxx.xxx




Building materials up 18% (by Deanna [TX]) Posted on: Jan 13, 2022 9:10 AM
Message:

Just got back from ordering windows.

Currently a 22-week wait... for windows that are built within 30 minutes of where I bought them.

Also, very much not cheap. It wasn't my usual guy, so I don't know if someone upsold me and I didn't catch it, or if materials had really risen that much, or if I just have more windows than I usually do. (A 1/1 duplex, 16 windows total, $7k after tax.)

But ouch. I was hoping to get this duplex renovated by March, but I'm not even going to have the windows in until May... --137.118.xx.xxx




Building materials up 18% (by NE [PA]) Posted on: Jan 13, 2022 9:13 AM
Message:

Deanna, please tell me thatís the installed price? --24.152.xxx.xx




Building materials up 18% (by Deanna [TX]) Posted on: Jan 13, 2022 12:59 PM
Message:

Nope. It's probably another $250-$500 for the installation, which is my handyguy.

When I get a chance, I'll dig through my files to see if I got upsold or if I bought the same thing I always get. But it works out to about $375-$450-$500/window, depending on the size and such.

The last time I bought windows, I got twelve of them, but it was chaos. One arrived on time, but was missing its screen; eleven showed up about a month late, but the first one still didn't have a screen; and about three months later, I finally got the screen. But I want to say that had been more like $4-$5k for 12 a year ago? Gotta check the notes on that, too. --137.118.xx.xxx




Building materials up 18% (by zero [IN]) Posted on: Jan 15, 2022 9:43 AM
Message:

I bought a house years back to completely rehab. Got all the internals tore out and decided it would be a good place to store stuff.

1.5 story plus a 24x30 barn with a half loft.

Place is stuffed full of things I might need. On a few occasions I have dumped jobs into there and not stayed organized which sucks. For the most part I know what I have, or close to it, and where it is, or close to it. --107.147.xx.xxx



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