Lumber and building material prices are rising as supply and demand are striving to reach equilibrium. Production has decreased to be in line with demand, and inventory levels at all points in the supply chain are low and must be replenished. The Western Wood Products Association (WWPA) predicts that lumber demand will rise [...]
Monthly Archives: November 2009
Possible Rail Strike on CN Pushes Lumber Futures Up Further
November 29, 2009 – 5:15 am
Train engineers at the Canadian National Railway walked off the job on Saturday after talks with the Teamster’s Union broke down. The CN said it was using non-union staff and management to continue services as well as possible.As if the mill shutdowns and curtailments weren’t enough, the strike by the union representing locomotive engineers at [...]
Interesting News from Housing Last week, Atlanta Athens Area More Affordable
November 28, 2009 – 12:51 pm
According to Standard & Poor’s/Case-Shiller indexes on Tuesday, home prices in the U.S. rose for the fifth straight month and posted the second quarterly increase.
For the week ending November 25, thirty-year fixed-rate mortgages averaged 4.78%, an all time low matched only during the week of April 30,2009. The purchase component of the Mortgage Bankers [...]
Lumber and Building Materials at One Year High
November 28, 2009 – 8:16 am
Those wishing to save money building a new house have missed the lumber lows for the last 25 years.
Typically, the annual lows for lumber occur in November. This year, in a strange twist of supply and demand fate, November marks the highs, so far, for 2009. The invisible market forces of continued mill [...]
YKK Styleview Vinyl Windows and Doors for the Atlanta Athens Georgia Area
November 24, 2009 – 6:09 am
Residential vinyl windows and doors from YKK AP® are beautiful, energy efficient and designed for years of trouble free use. Quality and innovation make YKK AP® windows clearly superior. By incorporating high performance glazing and corrosion-resistant hardware with a more architecturally correct profile design, YKK AP® offers windows with the look of a [...]
Low Inventories of Lumber and Building Materials Push Prices Up
November 23, 2009 – 5:46 am
CME lumber futures were up limit two consecutive days last week, a 10% increase that pushed prices almost to levels that would cover the cost of production. OSB prices pushed higher as order files stretched into December. More mills are shutdown than are operating at this point. Plywood and other building materials [...]
Therma Tru Doors for Atlanta & Athens Georgia
November 20, 2009 – 5:45 am
“Looks good on the outside, feels good on the inside.” Therma-Tru fiberglass doors outperform wood and steel. Therma-Tru doors increase comfort, energy efficiency and performance AND you will also see an increase in curb appeal. Therma-Tru fiberglass and steel entry doors add beauty and security homes. You can increase the perceived value of your home [...]
October Residential Construction and Lumber Futures Drop
November 19, 2009 – 6:11 am
News that October new residential construction fell to a six month low, putting intense pressure on CME lumber futures. January lumber futures closed down $9/m and March fell $8/m. There is limited inventory at all levels of the supply chain, and there is little demand for the available building materials. Georgia has [...]
Lumber Limit Up Again, Rain in the Atlanta – Athens Georgia Area Slows Jobsite Building Material Deliveries
November 18, 2009 – 6:11 am
January CME Lumber futures closed “limit up” $10/m for a second consecutive day on Tuesday. The limit will be increased to $15/m on Wednesday. This makes nearly a 25% increase in three weeks! Mills and wholesalers raised or were firm on prices. Most of the futures activity was attributed to commodity [...]
Lumber Futures Leap to new Multi-Month Highs
November 17, 2009 – 9:40 am
CME lumber futures increased 4.5 percent yesterday, reaching the $10/m daily limit in the January, March, May and July contracts. May, July and November all reached new contract highs. There were 280 unfilled January buy orders when the market closed. Other building materials were mostly subdued, with OSB showing some strength. [...]
