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 […]
The RoMac Building Supply Whole House Commodity Index (Index) for mid-August 2020 hit an all-time record high price as manufacturers and mills struggled to keep up with demand amid curtailments and reduced production due to COVID-19. Over the last 30 days, the Index increased 7.9 percent to $39,534. Not only are wood commodity prices at […]
The RoMac Building Supply Whole House Commodity Index (Index) for mid-July hit a record high of $36,631, which topped the previous high in June 2018. Huge price increases in wood commodities drove the Index to these record levels, and a quick retreat in pricing appears unlikely as uncertainty, thin on-the-ground inventories, and production curtailments due […]
The RoMac Building Supply Whole House Commodity Index (Index) for mid-June rose 3.1 percent on surging wood commodity pricing. The Index for June settled at $35,099, which is 6.7 above January’s Index, 8.0 percent above last June’s Index, and just 3.7 percent below the Index’s record high in June 2018. Certain items, such as specialty […]
The RoMac Building Supply Whole House Commodity Index (Index) for mid-May surged upward 3.1 percent to $34,054, recapturing the losses from April. In April’s report, I cautioned that with the high demand in the secondary markets coupled with mill curtailments, there could be a quick turnaround in market pricing as supply becomes thinner. I wrote […]
By Don Magruder, CEO of RoMac Building Supply The RoMac Building Supply Whole House Commodity Index (Index) for mid-April declined 3.1 percent to $33,024 as the shutdown of the American economy weighed heavily on the wood commodity markets. Last month, I cautioned about a short-term deflationary impact on the market, which we have seen. I […]
February 2020 Whole House Commodity Index By Don Magruder The RoMac Building Supply Whole House Commodity Index (Index) for February 2020 surged 2.8 percent to $33,800, which is just under the price for March 2019; the high-water mark for the year. Last month in this report, I said, “My forecast for 2020 is inflation.” I […]
January 2020 Whole House Commodity Index By Don Magruder The RoMac Building Supply Whole House Commodity Index (Index) for January 2020 dropped 0.3 percent to $32,889.29, which is within $2.00 of last January’s Index. This month’s Index is almost exactly where it started last year. Wow! That is a lot of gyration without much progress. […]
