The RoMac Building Supply Wood Commodity Index (Index) for December roared back with a vengeance as the markets slammed the brakes on further price declines and hit the gas on price increases. Delays caused by the COVID-19 pandemic refuse to subside in a housing market, which is showing signs of heating up. After the price […]
In last month’s RoMac Building Supply Whole House Commodity Index, I wrote the following: I expect continued shutdowns at all levels because of the virus. Pricing will fluctuate but remain high, and we could see spot shortages by spring. Stability will come to the markets when the Coronavirus is resolved by either good public healthcare […]
The RoMac Building Supply Wood Commodity Index (Index) for November 2020 dropped 17.7 percent to $608 per thousand as wood commodities continued to retreat from their late summer high. While the decrease in pricing is significant, the decline has yet to mirror the rapid increases of the previous months. In the last couple of weeks, […]
The RoMac Building Supply Whole House Commodity Index (Index) for mid-November 2020 dropped 7.4 percent to $38,766 as wood commodities continued to moderate in price. Although prices have retreated to late summer pricing, the Index is 17.0 percent higher than November 2019 and has its fourth highest number in its 15-year history. Many believe commodity […]
The RoMac Building Supply Wood Commodity Index (Index) for October dropped 11.2 percent, or $93.59 per thousand, as the markets finally began to cool off after a scorching summer of price increases. Although the decrease almost wiped out the 13.0 percent gain from September, the market has a long way to drop to catch up […]
The RoMac Building Supply Whole House Commodity Index (Index) for mid-October 2020 dropped 1.3 percent to $41,852 from the prior month. The Wood Commodity markets are in a hangover from the huge price runup party they enjoyed over the summer. Just like a real party, there are some who do not want to leave, and […]
The RoMac Building Supply Whole House Commodity Index (Index) for mid-September 2020 set another record high as wood-related building materials continue to remain in tight supply while manufacturers struggle to catch up from COVID-19 manufacturing delays. Since mid-August, the Index rose to $42,401 or an increase of 7.3 percent. The data point that puts these […]
LEESBURG, Florida — The Leesburg High School Construction Academy Advisory Committee hosted a small gathering for the four graduating seniors of the 2020 LHS Construction Academy. Max Acosta, Chris Wheeler, Matt Waybright, and Fox Fessenden were presented with tool kits to start their construction careers. Advisory Committee President Don Magruder commended the seniors for building […]
In the immortal words of legendary sportscaster Keith Jackson, “Whoa, Nellie!” Over the last 30 days, the wood commodity markets have made the largest and quickest jump in pricing—since September 2005 in the immediate aftermath of Hurricane Katrina. Builders, this is sticker shock. The RoMac Building Supply Wood Commodity Index (Index) for May 2020 increased […]
