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Market Recap: RISI Crow’s Construction Materials Cost Index
A price index of lumber and panels used in actual construction for Oct. 7, 2011
*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: After two weeks of modest demand and declining prices, SPF lumber sales improved as early as Tuesday and gained momentum after that. Although still sold at a discount to cash, futures contracts were near limit-up Thursday, prompting some buyers to participate in the cash market. After three weeks of significant price gains in the Southern Pine lumber market, where #2 increases of about 12% were achieved, momentum dissipated and some prices, particularly in the West zone, began to peel back. Increased sales activity at midweek in the Coastal species lumber market was focused on dry items. Mills continued to struggle with log supplies, while rumors surrounding production curtailments spread throughout the market, prompting buyers to cover needs. An improving futures market caused a ripple effect in the Inland species lumber market. As SPF producers firmed and increased 2×4 prices, traders turned to Hem-Fir. Sales of Ponderosa Pine #2&Btr boards were more active than other grades. Idaho White Pine prices remained steady with the exception of Standard 1×8 and 1×12, which both moved up. Rains put somewhat of a damper on Eastern White Pine board sales. Market activity for Shop lumber was quiet but steady. Uncertainty regarding the next few months have buyers very cautious about adding to their inventories. Many door and window plants, as well as moulding and millwork producers, say they have enough inventory for the short term. The beginning of the final quarter of 2011 brought about little change in the Western Red Cedar market. No notable decline in demand was reported.
Panels: A slightly improved OSB market in some regions was reported. Producers moved quotes up and were able to write a bit of business at close to the new levels. Southern Pine rated sheathing order files eroded enough early to force lower prices into the market on the Eastside. Meanwhile, sanded panel sales remained stellar. Western Fir plywood producers reported a lackluster week of sales. Order files provided mills with a cushion, while buyers digested previous purchases and bought sparingly. Once again, a wide range of Canadian plywood prices at the mill level were being reported. A short work week due to the Canadian Thanksgiving holiday contributed to the firmness in the market. Continued good weather also helped keep the market active. Particleboard and MDF producers noted selling greater volumes, but debated as to whether the demand was a late fall push or simply an uptick in an otherwise flat market.
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Home Depot Canada to hold second “Meet the Buyer” day
In an effort to add new Canadian-made products to its stores, Home Depot Canada will hold a “Meet the Buyer” event on Nov. 24 in Kanata, Ontario. Small and medium-sized Ontario and Quebec-based manufacturers with an innovative home improvement product or technology are invited to apply. There will be no charge to the vendor, who can pitch their product to a buyer from Home Depot and also showcase their item in a tradeshow-style event attended by members of Home Depot’s merchandising team. Presentations will be given by senior representatives of Home Depot Canada, the Ontario government and others.
Manufacturers can begin the application by visiting Home Depot Canada’s Innovation for Sustainability (IfS), a partnership between Home Depot, the Ontario Ministry of Economic Development and Trade, the Quebec Ministry of Economic Development, Innovation and Export Trade and The Summerhill Group. Applications will be accepted online until Oct. 31.
To qualify, a vendor’s product must be innovative; intended for the home improvement customer; and designed, manufactured or assembled in either Ontario or Quebec.
Products meeting the above criteria will be further assessed on a number of additional business criteria, which will include consideration of efforts that the manufacturer has made to integrate environmental or social sustainability into their business or products.
Manufacturers with promising products will earn a defined trial period with the Home Depot Canada in select stores. Products that prove to be successful during the trial will be scaled up to larger markets, with an ultimate goal of national availability.
This is the second year of a successful program developed to assist Ontario manufacturers of innovative and environmentally preferred products to reach new markets. Building on this success, Home Depot enlisted the government of Quebec as a new partner for this year’s event to bring these same opportunities to Quebec manufacturers.
The first IfS “Meet the Buyer” event for manufacturers took place in London, Ontario, in December 2010. As a result, 20 products from 13 manufacturers were trialed by The Home Depot Canada in select Ontario stores.
I think that's a very
I think that's a very constructive approach. In fact I would love to be a part of this initiatives someday especially now that I am thinking about building a new bathroom design for my home.
Another great post from you
Another great post from you about Home depot in Canada. Thanks for that! I must say that I have never heard about that problem before but now I understood everything. I will print this out and show to my friends, I think it will be interesting for them to read it too. Thanks! Sincerely, Mike R. from viagra
This is an interesting
This is an interesting approach and I really hope it works, if I was a furniture manufacturer I would most definitely apply but for now I am just a customer looking for a discount bathroom vanity, Canada made works just fine with me.
Both the buyers and the
Both the buyers and the manufacturers will benefit from this event. After all this is a great chance for buyers to see the wide range of products. Now many new concepts have emerged in the market. In fact, people are now interested in buying Mobile Homes. These are great options for home buyers.
Nation’s unemployment rate doesn’t budge
The U.S. Department of Labor reported that nonfarm payroll employment edged up by 103,000 jobs in September, but the unemployment rate stayed at 9.1%.
Construction was one of the areas cited for job gains, according to the employment situation summary, released Friday morning. Other areas were professional and business services and health care.
Construction employment increased by 26,000 over the month, after showing little movement since February. The over-the-month gain was due to employment increases in the nonresidential construction industries, which includes heavy and civil construction.
The gain of 103,000 jobs was much higher than a consensus estimate of 55,000. Also, the August data were revised from zero jobs created to 57,000 jobs gained.
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