Market Recap: RISI Crow’s Construction Materials Cost Index for March 9, 2018
A price index of lumber and panels used in actual construction for March 9, 2018.
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.
Secondaries approached the SPF market with greater urgency, trying to sell off positions well below replacement costs. With buyers exhibiting little interest in purchasing and awaiting shipment of previously purchased orders, sales were difficult. Futures’ steep discount to cash added to buyers’ high degree of discretion.
- Flat to moderately higher pricing was found across most Southern Pine dimension lumber items. The one clear exception was 2×10. Weather interruption was most common in the East zone. The inability of Canadian mills to ship on time was credited for relatively strong 2×4 and 2×6 sales.
- Greater numbers of buyers chose to stay out of the Coastal species market after seeing either greater weakness or the start of softer pricing. Producers reported quiet phone activity and sold light volumes at discounted levels. Wholesalers with positions tried to get out ahead of soft mill prices.
- The stagnancy that has gripped the Inland lumber scene deepened a bit this week, one source saying that his company was “taking selective discounts.” Weather and transport issues were part of the slowing, but buyers sensed the possibility for some market pull back, and they are buying lightly.
- Stud prices lost a measure of strength as buyers stepped away from purchasing. Wholesalers tried to sell while the pace slowed, and mills sought sales more aggressively.
- Radiata Pine was reported stable in price, but US importers report their inability to obtain enough volume for their needs.
- Ponderosa Pine Mldg&Btr and Shop remained solidly priced. The spring breakup is in process, but it will be at least two to three weeks before most western board producers will have anything resembling normal volumes of Ponderosa Pine Selects and Commons to offer. Prices of Selects are very solid.
- Western Red Cedar mills reported good sales activity. Order files remained out into late March and well into April in several instances. Higher quotes for timbers circulated.
A combination of sloppy weather and pricing perceived as peaked slowed OSB markets at mill and dealer levels this week. Two-tiered activity continued, especially in the Southeast and Southwest. Wholesalers tried to move volumes below mill pricing.
- Most Southern Pine plywood producers reported a measured pace to sales activity. Buyers perceived some fringe weakness, as some producers looked more urgently for buyers and came up with quicker shipping volumes than expected. The whiff of potential softness further encouraged buyers to stay out of the market when possible.
- Lackluster sales activity resided in the Western Fir plywood market throughout much of the week. Reports of greater inquiry in the week’s latter half were spotty. While producers tended to lean on order files to maintain price levels, significant volumes of quicker shipping panels were sold to extend order files.
- Canadian plywood took a breather with mill level sales mostly slow – though one reported offerings quickly snapped up. Yard activity was steady and phones busy with buyers tracking shipments. A slight improvement in railcar availability was noted.
- Particleboard and MDF producers reported minimal changes from the prior week. So far, buyers purchasing according to their demand levels are not loading up with significantly greater volumes this year.
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84 Lumber names 2017 ROY
84 Lumber had decided Mike Kamouyerou has the grit, determination and heart to succeed at the pro dealer. And today the company named Kamouyerou — manager of 84 Lumber’s Greenville, S.C. store — as its 2017 Rookie of the Year.
“We started this program to recognize new store associates who are always looking for new ways to learn, improve and grow,” said 84 Lumber COO Frank Cicero. “Mike’s strong work ethic, positive attitude and eagerness to challenge himself make him an exemplary Rookie of the Year and overall 84 Lumber associate. He’s well positioned to be a successful future leader for our business.”
Kamouyerou was one of more than 20 nominees selected from more than 250 stores around the country. He quickly became one of four divisional finalists after exceeding expectations throughout his first year with 84 Lumber. A Pittsburgh native, Kamouyerou began his career with the company as a manager trainee at the Bridgeville, Pa., store in February 2017. He was then promoted to co-manager of the Greenville location in October 2017.
84 Lumber Rookie of the Year candidates are evaluated on their achievements in their first year, including promotions, growth opportunities and commitment to 84 Lumber’s core values. Nominees are first interviewed by their area manager and divisional vice president. Each divisional finalist is then interviewed by a leadership panel at the company’s Team Headquarters.
Last year, Al Whitehead, co-manager of the North Charlotte, N.C. store, was the inaugural Rookie of the Year.
McCoy’s names new managers for Mississippi locations
McCoy’s Building Supply announced that Johnny Sellers and Brent Harman are the new store managers for locations in Laurel and Greenville, Miss.
Sellers is a native of Purvis, Miss., who joined McCoy’s Management Development Program in early 2016. Before coming to McCoy’s, Sellers owned Sellers Chevrolet in Purvis and served 35 years with the U.S. Army and the Mississippi National Guard.
Sellers worked as assistant manager at the company’s Vicksburg, Miss. store. Most recently, Sellers was the store manager of the Greenville.
“I’m excited to be back in the Piney Woods of southern Mississippi working with this great team,” Sellers said. “Our goal is to provide everyone who comes into our store with first class service, treating them the way that we’d want to be treated when shopping.”
“Johnny did an outstanding job leading the Greenville team this past year and I’m looking forward to the positive impact that he’s going to bring to the store and crew in Laurel,” McCoy’s Regional Manager Darien Swann said.
Harman takes over for Sellers in Greenville. He started his career with McCoy’s four years ago as a part-time yard crew member in Duncan, Okla. And quickly moved through the ranks as he demonstrated excellent customer service skills and a dedication to serving the “Born-to-Build” customer, McCoy’s said in press release issued today.
Eventually, Harman joined the company’s Management Development Program and most recently was assistant manager at McCoy’s Searcy, Ark., location.
When asked what he was most excited about in his new role, Harmon focused on customer service. “I’m so excited to meet the customers in Greenville and for them to know that no matter how big or small their project, McCoy’s is here to help.”
“I’m looking forward to the leadership and dedication that Brent’s going to bring to the Greenville store,” Swann said.
McCoy’s Building Supply is one of the nation’s largest privately held building supply retailers, along with supplying farm and ranch products. Headquartered in San Marcos, Texas, the company operates 87 stores and two millwork facilities in Texas, Oklahoma, Arkansas, Mississippi, and New Mexico.