"
Any projects you’re doing get put on hold or STOPED?"
Yes. I put off building a house. Not only did plywood and OSB quadruple, but all the other materials (siding, shingles, copper, etc.) increased also. Simple supply/demand. The lumber mills shut down decreasing supply and the government paid people to stay at home and use up that dwindling supply. When the government spends above its means, it creates inflation. Money is not created out of thin air without ramifications. Between the pandemic payouts and the infrastructure spending, you can expect more inflation.
Lumber prices are coming down, and I expect to build the house next year, but I still expect it to cost $50,000 more than a year and a half ago, and I don't expect prices of goods - any goods - to go all the way back to what they were pre-pandemic. Which means, I won't spend more, I'll just cut back my purchases. But most people won't, thereby supporting inflation.
Yes. I put off building a house. Not only did plywood and OSB quadruple, but all the other materials (siding, shingles, copper, etc.) increased also. Simple supply/demand. The lumber mills shut down decreasing supply and the government paid people to stay at home and use up that dwindling supply. When the government spends above its means, it creates inflation. Money is not created out of thin air without ramifications. Between the pandemic payouts and the infrastructure spending, you can expect more inflation.
Lumber prices are coming down, and I expect to build the house next year, but I still expect it to cost $50,000 more than a year and a half ago, and I don't expect prices of goods - any goods - to go all the way back to what they were pre-pandemic. Which means, I won't spend more, I'll just cut back my purchases. But most people won't, thereby supporting inflation.