LUMBER: There has been more depreciation in the market as dimension spruce came off in price by large chunks. We are very close to pre-pandemic lumber prices at the mill level. Not long ago I mentioned we would find a "new" bottom of the market and we wouldn't see a 2x4x8 under $3.00. I'm now taking that statement back, nothing will surprise me in this crazy market. Stay tuned... PANEL: Panel prices continue to fall at a rapid pace as well and it sounds like a broken reco
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As predicted, we are beginning to see pricing increases being reported for more building material categories. Both Andersen Windows & Doors and Harvey have announced pricing hikes. Due to increasing supply chain pressures and the continued rising cost of raw materials both manufacturers will be implementing new pricing in early September. Andersen Windows & Doors will be increasing the price of all product lines by 7% effective 9/10/2021. Current pricing will be honored for o
LUMBER: The lumber market remains unstable; however, we seem to be getting closer to a trading level that everyone can buy into. The freefall of lumber prices has slowed, and buyers are filling their low inventories as demand is steady. Prices at the consumer level will continue to drop as we head into the fall. As we look forward, the question is where will this market truly settle out at? PANEL: We've seen large amounts of depreciation in the panel market. As I mentioned
LUMBER: As we close out July, we saw print come off just a bit more but with what appears to be some sort of stabilization and a level to start trading on. Of course stranger things have happened in the lumber market over the last year so let's just take a breath and see where we go from here. In any case, prices are certainly lower. PANEL: The panel market saw another week of major correction again as it will eventually catch up to what just happened over the last 6 weeks