A price index of lumber and panels used in actual construction for Sept. 2, 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: Mirroring the week prior, demand for SPF lumber increased at midweek, due in part to a strong gain in Wednesday's lumber futures. Mills reported selling more 2x6 #2&Btr than the prior week, when 2x4 dominated sales. Early perceptions that some Southern Pine #2 prices were nearing a bottom were refuted later in the week, as discounts remained plentiful. In a historical perspective, some prices were near or at levels that might seem like a bottom, but availability was still plentiful and demand modest. Price decreases in the Coastal species lumber market were less apparent early than in previous weeks. Heightened demand as the week progressed firmed much of the lingering softness, leaving most prices close to levels reported the previous week. After a slow start,