News

Market Recap: RISI Crow’s Construction Materials Cost Index

BY HBSDEALER Staff

A price index of lumber and panels used in actual construction for July 18, 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: SPF producers and secondaries reported a slower market pace, leaving mill prices flat to a few dollars higher. Price strength was largely due to mill order files and mill shutdowns already taking place or scheduled for the weeks of July 21 and 28. Downward moves in the September futures contract caught the eyes of buyers, and Thursday’s dismal housing report “shocked” a number of traders. Greater strength in Southern Pine narrow widths than the wides remained one constant in the market. One reason for rising prices in 2×4 and 2×6 is strong demand coming from the truss manufacturing sector. Any price movement in dry Coastal species dimension lumber was minimal, with adjustments consisting of only a few dollars. Green Doug Fir pricing increased the most. Much of the Inland market was absent this week, attending the Inland lumber meeting. Anticipating this, many buyers placed orders early. The result has been few price changes since the middle of the week. New Zealand Radiata Pine is tight and balanced. Ponderosa Pine Mldg&Btr has begun to hint at potential softness. Lack of consistent demand for solid lineal mouldings is the primary cause of this, leading to developing surpluses. A few soft spots remain in boards, most notably in Ponderosa Pine 1×12 #2 Common. Eastern White Pine producers report some difficulty getting distributors to believe that the market has really changed over the last several months. Mills have good files, so they really do not need more demand pressure. ESLP boards and Inland Cedar are also quite stable and holding price levels. Although some Western Red Cedar producers continued to report a slightly slower pace to sales than in June, they still carried order files well into August.

Panels: From last week, OSB markets skidded sideways, mostly, showing mild activity and almost no price movement. The exceptions were on the eastside of Canada and the U.S., where $2 to $5 came off. The loss of production in the plywood market, due to a fire that destroyed a Springfield, Oregon, plywood mill Thursday, sent buyers scurrying for Southern Pine volumes Friday morning. Following word of the mill fire, Western Fir plywood producers exited the market en masse and spent much of Friday morning, in the words of one producer, “making sure we do things right,” when they came back on the market. Before their exodus, producers sold CDX items at $5 to $10 premiums. Early Friday morning, Canadian plywood prices were already a solid six points higher than a week ago, but news of the fire prompted business written into September at 8 to 10 points over last week. Particleboard sales overall continued to proceed at a slightly slower pace than in June. Some mills reported slightly slower sales, while others sold near or at their weekly production volumes. MDF sales remained more subdued than particleboard. Mills stacked volumes when unable to sell the week’s production.

For more on RISI, click here.  

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
News

Realtor.com survey sees surge in renovations

BY Ken Clark

San Jose, California-based Realtor.com reports that 67% of visitors to the real estate web site plan home renovations within the next six months. 

That finding is the result of the web site’s Home Improvement Survey, in which more than 1,500 consumers participated from May 19 to May 29. 

The survey results, released July 17, include the following.

Most popular reasons for planned home improvements:

•32%, to improve the aesthetics or enjoyment of the home;
22%, in preparation for putting house on the market;
19%, recently purchased a home needing renovations; and
11%, to improve the value of the home.

Most popular areas of the home to improve (more than one response was allowed):
61%, kitchen;
59%, bathroom;
33%, backyard; and
32%, exterior of the home.

Range of home improvement budgets for the next six months:
20%, $2,001 to $5,000;
19%, $5,001 to $10,000;
18%, $10,001 to $20,000; and
14%, $20,001 to $50,000.

Realtor.com is owned by Move Inc., a provider of online real estate services. 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
News

EcoPlanet Bamboo Group hires former WY execs

BY HBSDealer Staff

Barrington, Illinois-based EcoPlanet Bamboo Group has nabbed three former Weyerhaeuser executives in its latest hiring spree.

Of these, former Weyerhaeuser Solutions president Marvin Risco has been named group president. He has held multiple positions at Weyerhaeuser over the years, ranging from financial director for Weyerhaeuser Forestlands International to VP international operations in Latin America, Europe and Asia.

“Ray brings a wealth of financial, operational and managerial expertise and the know-how to develop those processes within large companies, which we can now effectively apply at EcoPlanet Bamboo,” says Troy Wiseman, CEO of EcoPlanet Bamboo.

“I have spent years developing certified sustainable, plantation based fiber to meet the ever-growing global demand for wood products,” said Risco. “Once I understood the depth of what EcoPlanet Bamboo has created, I realized that they have figured out what no other bamboo company has ever done before. EcoPlanet Bamboo has created the systems and protocols necessary to develop bamboo plantations as a commercially viable alternative fiber in terms of scale, cost and sustainability. EcoPlanet Bamboo’s certified sustainable plantations, the company’s IP and the industry-leading operational systems they’ve developed and proven, have convinced me EcoPlanet Bamboo has the foundation to grow their business to significant commercial scale.”

In addition to Risco, Dr. Kent Wheiler and James Leitheiser will join EcoPlanet as COO and VP commercial technologies, respectively.

Wheiler has racked up 25 years of experience  in international plantation management and strategic planning at Weyerhaeuser.

Leitheiser has over 27 years of experience in manufacturing and forest products, serving most recently as director of global business services for Weyerhaeuser Solutions.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?