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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 Feb. 28, 2014

*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: Trading was light in the SPF lumber market, prompting those secondaries needing to move volumes from mills to lower prices in search of takers. Flat pricing at the mill level generated a two-tiered market. Steady sales established firmer #2 pricing in the Southern Pine lumber market. Big box outlets accepted larger volumes of both bright and treated lumber, beginning to stock up for the spring buying season. Mills reported steady to improved buying activity in the Coastal species lumber market as the week progressed, firming some prices and propelling even more moderately higher. Although heavy rains in Southern California kept many of those buyers out of the green Doug Fir market, loaded railcars in transit, often seen at month-end, were conspicuously absent. Market direction in the Inland species lumber market was divided by both location and products. Regions with heavy winter weather were quiet and those buyers only made purchases as their needs dictated. Radiata Pine sales were light for both Shop grades, as well as Mldg&Btr. Order files out to the end of March or further kept prices firm. The market for Ponderosa Pine boards was one of lack of supply as well as a need for low grade. The strength was mostly in the lower grades, with 1×4 and 1×6 #3 the leaders. Producers reported steady sales of #3 to furniture manufactures, as well as some export sales. Sales for ESLP were light, and prices remained firm but unchanged for most items. Eastern White Pine producers continued to struggle with cold temperatures and heavy snows, but most were able to keep mills running. The Western Red Cedar market continued to wait on better weather and a subsequent increase in activity throughout distribution channels.

Panels: Continued winter weather in the northern regions along with the threat of winter weather in the South, kept OSB buyers cautious about making too many purchases. Wholesalers reported light but steady business in most regions. Although some Southern Pine plywood producers reported slightly less buying activity than in the previous couple of weeks, overall demand was generally steady. Order files stretched into the week of March 17, or March 10, and most rated sheathing prices edged a few dollars higher. Western Fir plywood sales slowed at the mill level, leaving order files in the week of March 10. Weather continued to play a key role in limiting consumption. Canadian plywood producers reached a point where they had to entertain discounts on selected items. Once enough sales were written to take pressure off the mills, discounts went away. Particleboard and MDF producers reported steady sales, selling close to production for the week. Railcar shortages created problems for shippers and their customers. Prices for both MDF and particleboard held at prior levels.

For more on RISI, click here.   

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Integrity reveals new replacement window

BY HBSDEALER Staff

 

Fargo, N.D.-based Integrity from Marvin Windows and Doors introduced a new Wood-Ultrex Insert Double Hung. 

The company says the instant-replacement-window product combines the strength of Ultrex pultruded fiberglass, beautiful wood interiors and a fit for any opening, 

Insert windows are designed for applications where an older window is not performing, but a full frame replacement isn’t needed.

“This product is something that can really be used in almost any type of project,” said Becky Felling, director of marketing at Integrity Windows and Doors. “Its flexible sizing makes it easy for builders to get the right fit, and our product options ensure it can fit into any home’s existing style and decor.”

The Insert Double Hung is available in large sizes. Dual operating sashes allow for either the upper or lower sash to be opened and removed for cleaning. Plus, the new Insert Double Hung offers the new Window Control Opening Device as an option for areas where fall prevention is a concern. 

 

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HD promotes Menear, Holifield

BY HBSDEALER Staff

The Home Depot has named Craig Menear president, U.S. retail, and Mark Holifield EVP supply chain and product development.

"Craig is a world-class retailer and has done a terrific job in recent years leading some of the most important and successful initiatives in our company," said Frank Blake, chairman and CEO. "And Mark has successfully led one of the most extensive supply chain transformations in retail history. Both are very deserving of their new leadership roles, and I look forward to their continuing contributions to our business."

Menear, who was previously EVP merchandising at Home Depot, will maintain the bulk of his former responsibilities involving merchandising, supply chain, global sourcing, vendor management, marketing and online sales, with the additional responsibility for all U.S. store operations. Marvin Ellison, EVP U.S. stores, will report directly to Menear.

Meanwhile, Holifield (who was previously SVP supply chain), will oversee sourcing and proprietary brands and continue reporting to Menear.

Menear has been with Home Depot since 1997, joining as a merchandising manager in the Southwest Division. Prior to his role with HD, Menear operated an independent retail business and held various merchandising roles at IKEA, Builders Emporium, Grace Home Centers, Montgomery Ward and more.

Holifield has over 30 years of experience in supply chain management. He joined Home Depot in 2006 and created measurable results in inventory turns and in-stock levels since. Previously, he worked for Office Depot, Frito-Lay and H.E. Butt Grocery.

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