Building on, up,
or out on your home is getting increasingly difficult.
Rich Duprey (TMFCop)
Aug 8, 2020 at 7:00AM
‘Walk into any
Home Depot (NYSE:HD) or Lowe's (NYSE:LOW) stores these days and there is a good
chance you will be struck by what you don't see: merchandise. Many of the
shelves lack products, and what the stores do have is displayed in a way to
make the racks seem more full than they really are.
Yet there's one
area where the home improvement warehouses can't disguise a lack of merchandise
-- their lumber departments. A recent visit to my local Home Depot found the
lumber racks virtually picked clean, with just a few stray pieces of
dimensional lumber scattered about.
While sheet goods
were somewhat better, pricing on even the cheapest grades of plywood were
exorbitant, and it was like that at several of the area DIY centers I visited.
That doesn't bode well for Home Depot or Lowe's earnings in the coming
Full article, with
details, at: https://www.fool.com/investing/2020/08/08/will-the-worsening-lumber-shortage-derail-home-dep.aspx
My comment: Over
the past month I have noticed the lack of construction lumber, fence boards,
and in particular red wood 2x4 and 2x6 at my nearby Home Depot. Difficult to build without lumber. Ultra-low mortgage rates are great; but added costs of building could suck the air out of that balloon. Also, no lumber .... no need to employ carpenters (cascading down to plumbers. electricians, dry wallers, roofers, etc.)