A price index of lumber and panels used in actual construction for April 18, 2014
*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: Declining futures contracts throughout much of the week limited buyers’ confidence in the SPF lumber market. Traders continued to point to excess volumes at mills, in part due to railcar shortages, as a major influence on their approach to the market. Discounts for Southern Pine dimension lumber were less severe than in previous weeks, especially in the East, where discounts rarely dipped below $5. The deepest cuts remained in narrow dimensions, as small log output of 2x4 and 2x6 continued to outpace demand. Decent follow through from the previous week in the Coastal species lumber market allowed producers to maintain price levels for most dry items and raise narrow widths in green Doug Fir more than any other items. Buyer participation in the Inland market was limited early, and most sales were made with some concessions. By midweek, mills were less inclined to deal, and by week’s end, prices were back close to previous asking levels. Availability of Radiata Pine Mldg&Btr remained tight, with few excess loads bein