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City Mill opens new Hawaii location

BY Ken Clark

City Mill Company announced the opening of another City Mill store to be located in Ewa Beach, at the Laulani Village Shopping Center at the corner of Fort Weaver Road and Keaunui Drive. 

The Ewa Beach store brings the chain’s store count to nine.

“After planning this store for several years, we are excited about this new City Mill addition, especially since there is so much growth in West Oahu and in the Ewa Beach area,” said Steven Ai, City Mill president and CEO. “As a locally owned and operated kama’aina company, we hope to be a great community partner, as we are in other neighborhoods where we have locations.”

Grand Opening Day is Friday, Nov. 16, starting with a traditional Hawaiian blessing at 7:00 a.m. Grand opening events include a free City Mill Ewa Beach commemorative T-shirts with a qualifying purchase, Hawaii’s top radio personalities paying music and giving away prizes, product demonstrations on Saturday and Sunday, Grand Opening Special Buys and enter-to-win prizes. The shopping center developer is Safeway Inc. and it, along with City Mill, will be the shopping center anchor stores. Laulani Village will be the newest and largest retail development in Ewa history, with about 70 retailers, businesses and services. Groundbreaking of Laulani Village was in November 2011. As the second largest anchor store, City Mill is approximately 40,000 sq. ft., which includes a 5,000 sq.-ft. area for garden, lumber and building materials.

Other stores opening soon in the Laulani Village Shopping Center are Safeway, Petco, Walgreens and Ross.

City Mill Co. is a 113-year old Hawaii-based company that was founded in 1899 as a rice and lumber mill. It continues to be a private, family-owned and operated company whose primary business is to sell home improvement and related products for the repair and maintenance of the home and office.

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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 Nov. 2, 2012

*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: Sharp increases throughout the week in SPF prices caught a lot of buyers off guard. An up-limit move in futures Wednesday, largely due to speculation surrounding Sandy’s aftermath, supported strength in the cash market. Buyers’ need to purchase was much greater than any opposition they had regarding high prices. Availability of #2 in the Southern Pine lumber market tightened significantly. Mills extended order files and often stopped quoting toward the week’s end after raising prices by double digits. Buyers, often caught with scant inventories, shopped harder for needs. Buyers scrambled to cover Coastal species needs, once again propelling prices higher. Mills garnered order files stretching all the way out to the latter half of November, while others pulled out of the market, fearing they were leaving money on the table. A mid-week rally brought the Inland species lumber market to its feet again. Wholesalers reported selling their initial purchases rapidly and buying back in for another round. Light sales but firm prices were reported for Radiata Pine Mldg&Btr. Secondaries reported tight supplies in both Mldg&Btr and Shop grades Activity for Ponderosa Pine Moulding&Btr and Shop remained quiet, and price alone has not moved buyers off the fence. A slight improvement in the Ponderosa Pine Select and Common market was reported, although volumes were still light in comparison to historical standards. Continued steady sales of ESLP boards helped producers maintain prices in spite of increased competition from imported species. Eastern White Pine board producers voiced concerns over log availability after the wet weather from hurricane Sandy soaked the woods and haul roads. Now that major home center stores have placed most of their business for at least the beginning of next year, Western Red Cedar producers now know the volumes they will need to produce in order to cover customers’ needs.

Panels: A brisk sales pace along with OSB mill order files out to December, allowed producers to raise prices again. Markets were more active in the South and Mid Atlantic. Strong sales beginning Wednesday and extending through Thursday in the Southern Pine plywood market led to price increases and stronger order files heading into November. Lead times were solidly into the week of Nov. 19. Sales activity in Western Fir plywood improved on the coattails of lumber and OSB markets, propelling prices higher and pushing order files more solidly into the week of Nov. 19. A Canadian plywood market that started the week on a quiet note came back with a flourish at week’s end. Signs that November might be a better month than October for particleboard sales appeared. In MDF, customers remained on allocation. Mills reported MDF order files out three weeks. 

For more on RISI, click here.

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Industry Dashboard for Nov. 5, 2012

BY HBSDEALER Staff

Consumer confidence improved in October while the unemployment rate ticked up slightly to 7.9%. Stocks were all over the board on the Home Channel Stock Roundup.

 

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