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. […]
December 2019 Whole House Commodity Index by Don Magruder The RoMac Building Supply Whole House Commodity Index (Index) for December 2019 dropped 0.5 percent to $32,990.94 as wood dimensional lumber and sheathing panels saw declines as the weather turned colder and builders faced the prospect of slowing seasonal demand. Housing data continues to be on […]
November 2019 RoMac Whole House Commodity Index by Don Magruder, CEO RoMac Building Supply Over the last 30 days, OSB and spruce mills made another pricing stand with new rounds of production curtailments, which moved pricing upward. The RoMac Building Supply Whole House Commodity Index (“Index”) increased 0.6 percent to $33,144, primarily on these […]
The RoMac Building Supply Whole House Commodity Index rose $28.54 or 0.1 percent from September to October 2019. Despite the extremely minor increase, the Index was not good news for long-term pricing. The retreat in OSB pricing was significant and the downward trend in lumber has begun. As hurricane season wanes, winter draws closer, and […]
In the last 30 days, there has been a Category 5 Atlantic hurricane threat on the East Coast with major destruction in the Bahamas as well as a continued bloodbath in lumber mill curtailments in Canada. However, pricing in the RoMac Building Supply Whole House Commodity Index (Index) increased tepidly as builders and suppliers faced […]
Today, the yield on the 2-Year Treasury was 1.588%; however, the 10-Year Treasury yield dropped to 1.576% creating an inversion, which is a bright flashing red light of a recession. In short, there should be no reason why an investor is making less on longer term bonds unless there is a belief that slower economic […]
