A price index of lumber and panels used in actual construction for Feb. 4, 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: The decline in buying throughout the distribution channel telegraphed back to SPF mills, forcing lower prices to varying degrees. Eastern producers were slightly more aggressive with discounts than their western counterparts. Southern Pine lumber mills entered the market offering double-digit discounts on most items early and had little success at selling much of their production at the lower levels. Coastal species lumber producers approached the market in a more aggressive manner but struggled to sell at whatever price. Quotes were lowered throughout the week, and mills listened to offers below those levels. Pulling any response from potential Inland species lumber buyers was, according to several sources, virtually impossible. As a result, some discounting did occur, primarily in Hem-Fir. Fir-Larch was more stable but not more active, with no general discounting being reported. Ponderosa Pine Mldg&Btr remains unchanged in price. The price of #2&Btr Shop is still moving up moderately, adding $5 to last week's levels. Selects have not moved in some weeks as regards pricing, but this week one manager did confirm modest