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 […]
LUMBER AND COMMODITY REPORT – August 2019 by Don Magruder, CEO of RoMac Building Supply The wood commodity markets have been flashing warning signs about construction demand over the last 30 days. The flashing lights may not be red, but they are certainly bright yellow. The RoMac Building Supply Lumber and Commodity Index (Index) for […]
By Don Magruder The RoMac Building Supply Lumber and Commodity Index (Index) for June 2019 declined again as national housing demand continues to be unremarkable. The Index dropped to $298.87 per thousand or 4.8 percent. The two main drivers of the market over the last 30 days were mill curtailments and closures in British Columbia, […]
LUMBER AND COMMODITY REPORT – May 2019 by Don Magruder, CEO of RoMac Building Supply Price of business has picked up over the last 30 days. The RoMac Building Supply Wood Commodity Index (Index) since mid-January increased 14.6 percent to $347.04 per thousand. Dimensional spruce and wide-width pines had the biggest increases because of mill curtailments due […]
LUMBER AND COMMODITY REPORT – April 2019 by Don Magruder, CEO of RoMac Building Supply In last month’s update, I noted that price momentum from the first of the year was waning, and it’s continued over the last 30 days. The RoMac Building Supply Wood Commodity Index dropped 5.7 percent or $19.45 per thousand. Downward pressure was […]
LUMBER AND COMMODITY REPORT – March 2019 by Don Magruder, CEO of RoMac Building Supply Momentum in the wood commodity markets is waning. The RoMac Building Supply Wood Commodity Index (Index) since mid-February retreated 2.0 percent to $340.24 per thousand as mills accused the weather of tapping down demand. The next 30 days will probably determine if […]
