Lumber pricing and tracking

Old 08-03-21, 08:23 AM
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Lumber pricing and tracking

I have plans prepared for a small vacation cabin, I know lumber prices have declined somewhat in the past several months.
what resources are out there that can give me an idea how to accurately track the cost of lumber aside of going into Home Depot on a weekly basis and tracking the price of specific items. Perhaps there is some sort of an index that accurately translates to real life cost in the store?

Old 08-03-21, 11:05 AM
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I haven't seen any national price index. The prices are based on commodity items that are rapidly changing. Getting the price update from the local supplier is the best and most accurate way to stay up to date.
Old 08-03-21, 11:05 AM
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I'm not smart enough to explain how the commodity market relates to the price of a 2x4 today... but in theory, the price at home depot should follow after a few days/weeks. I think.

I have seen the price of a 2x4 at my local HD drop $3.50 in the past few weeks. So that's hopeful!
Old 08-03-21, 11:34 AM
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Probably the same chart, I haven't looked at this for a couple months. My last visit to HD, a 2x4x96 was $7.75, I'm glad I decided not to start my 2nd shed project this summer.

This is futures so retail lags, and I'd bet pretty slowly as retailers try to milk more profits


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