Lumber and Trex Market Update: 1/29/2022
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Lumber and Trex Market Costs Update

Last Updated: 1/29/2022
Custom Deck Creations

A brief look into the current and expected inflation

Quick Summary

Lumber rose +28% locally from November 2021 to January 2022, and is expected for another significant double-digit increase impacting us in June 2022. We’re also anticipating a cost increase  from Trex around that  same time frame. Depending on size and material selection, decks are anticipated to increase in cost an average of $2,000 to $4,000 come June 2022. Custom Deck Creations is currently scheduling projects for April/May, before we feel these cost increases. Schedule a quote with us today to lock in today’s costs.

For a more detailed look into the market, please continue reading:

Lumber

The lumber market continues to see pressure on the supply side. Canadian truck drivers are protesting COVID vaccine mandates, threatening to disrupt deliveries in Canada and possibly into the US. Fuel prices are also increasing. Overall demand for Southern Yellow Pine (pressure treated lumber used here in MI) remains steady. Mills are not sitting on a lot of inventory. Lead times from mills to dealers are getting extended.

Pressure treated lumber costs increased locally +28% from November 2021 to January 2022.

Lumber is expected to increase another ~+40% in June 2022. 

Custom Deck Creations is currently scheduling projects for April & May 2022, before we’re impacted by these increased costs.

Trex

Data from Trex distributors nationwide are seeing a steady growth in purchases even through winter.

Trex continues to see huge demand increases nationwide. 

Our Interpretation

Lumber will continue to rise in price throughout 2022. We don’t believe we’ll see pre-2022 lumber pricing any time soon.

In 2021 Trex put out 4 separate approximately +10% price increases. We believe more are to be expected in 2022. We do not expect Trex to ever lower their pricing.

No Inflationary Clause

Custom Deck Creations does not have an inflationary clause. Lock in today’s lumber and Trex costs with a signed agreement which puts you on our schedule. We will not charge you more even if our costs go up.

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