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 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 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 […]
