A price index of lumber and panels used in actual construction for Sept. 28, 2012
*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: SPF lumber prices weakened further in response to producers trying to sell volumes with greater urgency and limited demand from buyers. Inquiries fielded by producers were limited in volume and often highly specified and mixed. Southern Pine lumber volumes available for quick shipment were priced to sell, as September closed and producers looked to invoice as much volume as possible. Mills listened to counters. Coastal species lumber mills were again forced to enter the market with sizable volumes to sell, placing downward pressure on prices. Buyers, trying to hedge against lower prices in the near future, countered deeply. Mills accepted the deepest counters to move floor stocks. The Inland species lumber market remained weak, but the volume of discounted sales slowed as mills cleaned up excesses. The flow of material through