Market Recap: RISI Crow’s Construction Materials Cost Index
A price index of lumber and panels used in actual construction for Oct. 14, 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: SPF lumber trading did not see much in the way of follow-through from the prior week, when prices bounced off of early lows. Western 2×4 #2&Btr remained at $240, while wider widths were also able to hold previous levels. Quiet Southern Pine lumber trading prompted producers to again seek sales at lower price levels. As a result, bearish buyers purchased enough volumes to cover immediate needs, sensing the potential for further declines. Those Coastal species lumber mills having the greatest volume of production to move had to discount some items, while other producers held quotes near prior levels. Growing Utility/#3 supplies were discounted aggressively. In spite of light field inventories, Inland species lumber producers were unable to hold prices. In order to move any kind of volume, producers had to discount aggressively. Secondaries maintained a mostly neutral position, with few open orders and rollers to deal with. Ponderosa Pine board production remained in close proximity to demand. Inland board producers reported steady business at current prices, but traders reported a quiet week of sales to home centers. A lack of activity might have been the incentive for a dramatic reduction in Radiata Pine Mldg&Btr prices. While Radiata Pine 5/4 is vulnerable, 6/4 is holding its price at $1,235 to $1,250. Western Red Cedar buyers rarely contacted producers, other than when they were ready to purchase. As long as prices were at or near market levels, customers purchased hand-to-mouth volumes.
Panels: Some regional improvement in OSB market was reported. The North Central and Far West regions saw an increase in activity and price appreciation. Prices in the Southwest were firm on modest volumes. Rated sheathing prices in the Southern Pine plywood market were shaped by a particular mill’s need to move volumes. The greatest urgency to sell came out of the East zone, where mills discounted, trying to keep up with rated sheathing production. Weak demand and scant order files prompted more aggressive attempts by Western Fir plywood mills to attract buyers. As a result, market price levels for CDX items dropped $10 to $20 in several instances. Buyers often wanted deeper discounts in order to step in to buy. By most accounts, the Canadian plywood market this week was uneventful. Mill order files were out to the week of Oct. 24, although some quicker shipping wood was beginning to appear. Sales of particleboard and MDF have increased for some producers in recent weeks, particularly those in the East and South, but only marginally and not enough to nudge prices higher.
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Sears equips store associates with iPads, iPod Touch devices
Sears Holdings has begun the staged rollout of Apple iPads and Apple iPod Touch devices, starting with nearly 450 stores nationwide. The move is designed to enhance the relationship between customers and associates, while improving the overall in-store shopping experience, Sears said.
"Leveraging wireless access and mobile technology and putting new tools into the hands of our associates and customers is another step toward becoming a truly integrated retailer," said Deidra Merriwether, senior VP and president of Retail Services, Sears.
The devices and their applications will immediately help associates improve customer service and create a more personalized shopping experience, according to Sears. Associates will be able to help customers check available inventory, order products online, access product information and videos, and utilize enhanced purchasing tools to buy products they want.
The rollout is being significantly supported by the company’s Information and Technology Group.
"We are upgrading the entire network and technology infrastructures, including enhanced wireless coverage, to provide our customers with free Wi-Fi access," said Keith Sherwell, senior VP and CIO. "This will provide our associates with innovative tools and applications to support our customers at the highest levels of personal engagement, while also offering customers a uniquely rich, integrated retail experience."
This is funny considering
This is funny considering Lowe's rolled out iPhones, iPads, & wi-fi some time ago. Amazing how people follow suit and act like they are so innovative.