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 […]
WHOLE HOUSE COMMODITY INDEX – July 2019 by Don Magruder, CEO of RoMac Building Supply After three months of declines, the RoMac Building Supply Whole House Commodity Index for mid-July increased 1.1 percent to $32,860. Increases in dimensional lumber fueled by significant curtailments in production in Canadian spruce, plus tenuous increases in roofing and OSB in preparation […]
WHOLE HOUSE COMMODITY INDEX – June 2019 by Don Magruder, CEO of RoMac Building Supply With June’s decline in pricing, the RoMac Building Supply Whole House Commodity Index (Index) has seen all gains virtually wiped out for 2019. The Index for Mid-June is $32,508, and the last time the Index was this low was September 2017, just […]
WHOLE HOUSE COMMODITY INDEX – May 2019 by Don Magruder, CEO of RoMac Building Supply In last month’s RoMac Building Supply Whole House Commodity Index (Index), I expressed concern that a continuing decline in the commodity markets could foretell a declining housing market for the rest of 2019. The decline in pricing has continued, the national housing […]
WHOLE HOUSE COMMODITY INDEX – April 2019 by Don Magruder, CEO of RoMac Building Supply In last month’s RoMac Building Supply, Inc. Whole House Commodity Index (Index) I wrote the following regarding the pricing and market prospects for the ensuing 30 days, “If these wood commodity markets continue to retreat the next 30 days, I am concerned […]
WHOLE HOUSE COMMODITY INDEX – March 2019 by Don Magruder, CEO of RoMac Building Supply The RoMac Building Supply Whole House Commodity Index (Index) increased an anemic 0.3 percent to $33,854, primarily on an announced $15 per thousand yearly increase on drywall, which may or may not stick. As I pointed out last month, housing reports nationwide […]
WHOLE HOUSE COMMODITY INDEX – February 2019 by Don Magruder, CEO of RoMac Building Supply The RoMac Building Supply Whole House Commodity Index (Index) increased 2.5 percent to $33,749, reversing the 1.2 percent loss from January. Wood commodities strengthened on the hopes of improving weather and logging issues. Plus, most wood commodities added on average $3 per […]
WHOLE HOUSE COMMODITY INDEX – October 2018 by Don Magruder, CEO of RoMac Building Supply The Ro-Mac Lumber & Supply, Inc. Whole House Commodity Index (Index) declined 1.7 percent to $34,317.34, which wiped off most of the previous month’s gains fueled by Hurricane Florence, which struck the Carolinas. The most perplexing aspect of this month’s Index is […]
WHOLE HOUSE COMMODITY INDEX – September 2018 by Don Magruder, CEO of Ro-Mac Lumber & Supply, Inc. Nothing is better for sagging prices in the commodity market than a hurricane. Since last month, the markets got just what they wanted—another reason to raise prices. The Ro-Mac Lumber & Supply, Inc. Whole House Commodity Index (Index) jumped 1.9 […]
