Although this month’s increase seems modest after last month’s price explosion in the wood commodity markets, it really is not. The RoMac Building Supply Wood Commodity Index (Index) for June 2020 settled at $396.68, or 5.6 percent more than just 30 days ago. The biggest increase occurred in the dimensional lumber portion of the Index […]
By Don Magruder The RoMac Building Supply Wood Commodity Index (Index) for April 2020 declined 17.9 percent to $301.10, or $65.78 per thousand, from last month. While the decline is significant, it is not catastrophic considering the United States economy in many sectors is shut down. Consider that one year ago the Index was $320.79 […]
By Don Magruder The RoMac Building Supply Wood Commodity Index (Index) from Mid-February to March 20, 2020 declined 2.9 percent or $11.15 per thousand. Considering the recent events involving COVID-19 (coronavirus disease), some of you may have expected the drop to be more. You are correct—this month’s numbers are a little deceiving. Until the last […]
February 2020 RoMac Lumber and Commodity Report By Don Magruder I wrote the following in January’s report: The milder weather, strong economy, and continued demand suggest inflation in the short-term. Signs are pointing to a stronger price run-up than that in 2018. Some of this will be driven by mills and manufacturers who have […]
January 2020 RoMac Lumber and Commodity Report By Don Magruder Although it is mid-January in Florida, the weather feels like late spring. The good weather in Florida and milder temperatures in the South have not been enough to fire up the wood commodity markets. The RoMac Building Supply Wood Commodity Index (Index) for January […]
December 2019 RoMac Lumber and Commodity Report By Don Magruder As the weather cools down, so are the wood commodity markets with prices moving downward after a large increase last month. The next few weeks will determine if the housing market has enough strength to stop further decline. The RoMac Building Supply Wood Commodity Index […]
November 2019 RoMac Lumber and Commodity Report By Don Magruder The RoMac Building Supply Wood Commodity Index (Index) for November increased 12.1 percent to $334.11 per thousand as curtailments in OSB sheathing and dimensional spruce spiked the market. Last month, the Index dropped 5.1 percent. While the increases are significant, it is a minor attempt […]
The RoMac Building Supply Wood Commodity Index (Index) for October dropped 5.1 percent or $15.92 per thousand. Last month’s 8.4 percent increase from the impact of Hurricane Dorian and the threat of additional storms is quickly waning. Unless there is a major hurricane threat late season or a surprising increase in housing activity prior […]
by Don Magruder, CEO of RoMac Building Supply The RoMac Building Supply Wood Commodity Index (Index) for September increased 8.4% to $312 per thousand on the strength of dimensional spruce and demand created in the sheathings market from Hurricane Dorian. Continued mill curtailments in Canadian lumber due to decreased demand are fueling the increases as […]
