A price index of lumber and panels used in actual construction for Nov. 18, 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: Another mid-week buying spree firmed SPF lumber prices. Demand came from a broad range of customer segments. Distributors purchased fair volumes, while wholesalers reported buying and selling at an elevated pace. The rate of sales activity in the Southern Pine lumber market was somewhat less than the week prior, but varied from mill to mill. Having purchased the week prior, some buyers stepped to the sidelines. Others purchased moderate volumes, having missed the bottom. Increased demand, particularly at mid-week, firmed Coastal species lumber prices and sent many of them higher by Friday. Elevated sales activity and limited production headed into the holidays tightened available supplies, causing a degree of "panic" buying. Pre holiday buying and an improved futures market were said to be the causes for a slight rally in Inland species lumber markets. The week started out slow, with much the same enthusiasm as previous weeks. Buyers stepped in mid-week and covered some immediate needs. Availability of Idaho White Pine boards was thin and prices were firm. Prices for Spruce-Lodgepole Pine boards were mostly unchanged. A mid-week flurry of activity added a momentary air of excitement to the board market and allowed producers to clean up some items. Ponderosa Pine producers reported order files into the end of December for 5/4 Mldg&Btr. Most suppliers report order files for Radiata Pine Mldg&Btr are through December. More Western Red Cedar producers felt the market slipping gradually into the winter doldrums. Con