A price index of lumber and panels used in actual construction for Jan. 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: Early gains in the futures market and a subsequent influx of moderate buying provided incentive for SPF lumber producers to increase quotes. Eastern producers were able to play off of the limited availability at western mills. Enough demand, combined with less quick shipping availability, prompted Southern Pine lumber producers to increase prices -- by $15 to $25 for narrow widths. Producers in the Coastal species lumber market experienced "steady sales" throughout the week, helping to establish higher selling levels in both Hem Fir and dry Doug Fir dimensions. Lack of significant volumes of inland Hem-Fir has contributed to the overall sense of supply shortage. Fir-Larch is still undergoing some downward adjustments, with 2x8 and narrower down $5 to $15. Ponderosa Pine Mldg&Btr remains at $1,225 for 5/4 and $1,240 to $1,245 for 6/4. Availability of #2 Shop is tight and still moving up, adding another $10 this week. A little more question surrounds #3 Shop. All #2 Common items are moving well to a "steady" DIY demand. Export demands have kept both Inland and California producers cleaned up on both #3 and