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Msg  285042 of 290894  at  8/9/2020 2:46:11 PM  by

old_doodle_bugger

The following message was updated on 8/9/2020 2:48:42 PM.

Will the Worsening Lumber Shortage Derail Home Depot and Lowe's?

 

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 quarters.”

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.)


 
 


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Replies
Msg # Subject Author Recs Date Posted
285084 Re: Will the Worsening Lumber Shortage Derail Home Depot and Lowe's? Naamkat 36 8/9/2020 11:46:00 PM
285098 Re: Will the Worsening Lumber Shortage Derail Home Depot and Lowe's? mrdecember123 12 8/10/2020 6:39:36 AM






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