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Benjamin Moore introduces Notable

BY HBSDealer Staff

Benjamin Moore, introduced Notable Dry Erase Paint — described as a premium dry erase coating that can transform almost any surface into a dry erase board.

Notable is made with a two-component, user-friendly formula, that is easy to erase and will not yellow over time or leave ghosting marks after erasing, the company says.

“Today’s work spaces have evolved to empower creativity and collaboration more than ever before and Notable Dry Erase Paint was specifically developed to meet the growing demands of the modern workplace,” said Mary Louise Rubin, Benjamin Moore senior brand manager. “With Notable, facility maintenance professionals and building managers can create more functional environments that enable ideation without compromising existing design elements in the space.”

Notable is recommended for professional use in interior commercial or residential spaces such as office buildings, schools and universities, homes and more. Suitable for use on a variety of surfaces including painted walls, wood, glass, metal and laminate, Notable can be applied to almost any surface, the company says. 

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Market Recap: RISI Crow’s Construction Materials Cost Index

BY HBSDEALER Staff

A price index of lumber and panels used in actual construction for Sept. 22, 2017.

Western: regional species perimeter foundation
Southern: regional species slab construction

Crow's Market Recap: A condensed recap of the market conditions for the major North American softwood lumber and panel products as reported in Crow's Weekly Market Report.

Lumber

Buyers continued to purchase strong SPF volumes from mills, pushing producers’ order files out as far as the last full week of October. By Thursday, buyers exhibited more reluctance to purchase volumes shipping that late in the fall, but quicker shipping volumes at mills were scooped up quickly.    

  • Sales activity in the Southern Pine market remained strong. Mills raised quotes early, in most cases by double digits, and sold at those levels. Seeing no evidence of immediate downside risk, buyers continued to purchase significant volumes while experiencing good takeaways from their yards.
  • Demand for Coastal species items continued to absorb limited mill offerings. Order files, often out into the weeks of October 9 and 16, helped maintain upward pressure on prices. Not all prices increased, but those that held remained firm.
  • Despite a slight moderation in the pace, Inland species remained very solid, as shown by the number of price increases producers were able to secure, with a clear emphasis on Fir-Larch, although Hem-Fir showed gains, as well.
  • Stud pricing was flat to higher, with 9’ generally carrying more strength than 8’. Pricing in 2×4 8’ was particularly stagnant while 2×6 availability was overall tighter than 2×4.
  • Radiata Pine Mldg&Btr and Shop both continue to be offered in greater volumes. Those reports also confirm, however, that no discounts have occurred on mill lists.
  • Ponderosa Pine 5/4 #3 Shop and P99 quotes could be countered and available at discounted levels. Both 5/4 and 6/4 #2 Shop are reported to be steady and stable at current levels. Ponderosa Pine 4/4 Selects remain stable and unchanged. Ponderosa Pine Commons show a few weaknesses.
  • ESLP and Idaho White Pine 4/4 boards show no changes.
  • High Western Red Cedar pricing remained a sticking point for buyers looking ahead to next year’s purchases. Buyers remained steadfast in their aim to seek lower prices, if at all possible, when purchasing volumes for 2018.
     

Panels

For most regions, OSB markets quieted as the week progressed. Last week saw a rally after which a digestive mode set in and buyers remain cautious with prices reaching ever-higher levels. Prompt wood commands a premium, and order files range from the week of Oct. 9 into November.   

  • Sales activity in the Southern Pine plywood remained robust across all reported products, sending all prices higher. Buyers scrambled for coverage in some instances, continuing to purchase for shipment as far out as early November.
  • Moderate upward price pressure persisted in Western Fir plywood. Buyers continued to purchase at a decent clip, bolstering mill order files extended into the front half of October. Buyers remained cautious, recognizing high market prices.
  • Canadian plywood manufacturers did some discounting this week and moved order files out another week. A market once reluctant to buy at record-high levels is now cautiously watching prices to see how far they will crack.
  • Particleboard sales in the East and West were lackluster. Some mills reported modest erosion of their order files.
  • The market for MDF had the benefit of recent downtime at mills, which helped other producers maintain healthy order files.

For more on RISI, click here.

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New home sales slip

BY HBSDealer Staff

Sales of new single-family houses in August 2017 were at a seasonally adjusted annual rate of 560,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.4% below the revised July rate of 580,000 and is 1.2 % below the August 2016 estimate of 567,000.

The median sales price of new houses sold in August 2017 was $300,200. The average sales price was $368,100. A year ago, those figures stood at $298,900 and $355,100, respectively.

The seasonally-adjusted estimate of new houses for sale at the end of August was 284,000. This represents a supply of 6.1 months at the current sales rate.

On a regional basis, the largest growth was recorded in the Northeast, where year-over-year new home sales increased by an estimated 65.2%. Sales in the South declined 9.2% in the month, as the region looked ahead to what turned out to be devastating storms and flooding.

The report on new home sales followed a previous report on existing home sales, which showed a decline of 1.7% in August.

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