A price index of lumber and panels used in actual construction for July 1, 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: Sales activity in the SPF lumber market increased. Mills raised prices early and continued to do so throughout the week, with narrow width #2&Btr pricing ending $10-15 higher. Competition for orders among Southern Pine lumber producers forced more discounting. Despite already low price levels, discounts of $5-10 were abundant. Sales of Coastal species lumber maintained a solid pace. All dry Doug Fir prices managed increases of at least $5 and green prices were consistent. Coastal Hem-Fir 2x4 and 2x12 #2&Btr held, while those widths in between climbed $5 higher. Inland species lumber prices have remained near recent levels and have gained a few dollars in some items. Fir-Larch remains stronger than Hem-Fir, based on shortness of supply. Strongest of all the items in Ponderosa Pine are the low grades. Both #3 Shop and P99 are in demand, bringing premiums of up to $30 for some producers. The 6/4 Shop is still tighter than 5/4, and 6/4 Mldg&Btr now sells for up to $1430. Both #3 and #4 Common are moving better than #2, with #3 riding the demand from exports.