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Updated every Friday afternoon at 2:00 pm (Pacific Time). Last update: July 22, 2016.
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This report contains brief excerpts from our full 12-page newsletter, which includes prices of more than 1,600 lumber and panel items, plus detailed summaries of market activity. Contact Random Lengths for a free sample issue.
Prices of framing lumber continued to strengthen amid steady consumption across the continent. A third consecutive week of price appreciation surprised some traders who had anticipated a mid-summer lull. But despite summer heat that beat down activity in the Midwest and Southeast, supplies overall flowed smoothly through the pipeline. Seasonal mill shutdowns in Eastern Canada limited supplies. The Random Lengths Framing Lumber Composite Price rose $5, to $357.
|Random Lengths Framing Lumber Composite Price*||$357||$352||$344|
|KD Western S-P-F #2&Btr 2x4 R/L Mill Price||329||324||302|
|KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes||427||423||386|
|Green Douglas Fir Std&Btr 2x4 R/L (Portland)||353||353||352|
|Southern Pine (Westside) #2 2x4 R/L||399||389||332|
|KD Coast Hem-Fir #2&Btr 2x4 R/L||352||357||338|
|Ponderosa Pine (Inland) #2&Btr 1x12 R/L||705||705||670|
|* Weighted average of 15 key items|
Prices of structural panels were mixed, with OSB and western Fir plywood posting increases. Partly due to offshore imports, prices of Southern Pine plywood softened. The strongest increases were posted in OSB. Double-digit gains were registered despite sweltering temperatures. Mill order files pushed mostly into mid-August. Activity in western plywood slowed compared to previous weeks, but prices continued to rise, albeit at a more measured pace. Some southern mills discounted their offerings to sell next week’s shipping schedule.
(f.o.b. mill prices)
|(f.o.b. mill prices)||This Week
|Random Lengths Structural Panel Composite Price*||$396||$391||$352|
|Southern (west-east) 15/32-inch 3-ply rated sheathing plywood||378-407||378-407||380-420|
|Southern (west-east) 15/32-inch 4-ply rated sheathing plywood||378-415||382-417||382-420|
|Western 1/2-inch 4-ply rated sheathing plywood||421||417||393|
|North Central 7/16-inch Oriented Strand Board||306||298||197|
|*Weighted average of 11 key items|
Below are headlines of recent articles in the "Through A Knothole" section of our full 12-page newsletter, featuring articles of interest to the industry, including production/price trends, market analysis, trade issues, timber supplies, and much more. Contact Random Lengths for a free sample issue.
This Week in the "Through a Knothole" Section of Random Lengths
- When price anomalies crop up, they typically correct themselves in short order. That has not been the case with green Douglas Fir #2&Btr 2x6.
- Cross-Laminated Timber — Part 2 of 2: There are still obstacles to clear before tall CLT buildings become commonplace in the U.S.
- North American structural panel production reached 16.200 billion board feet during the first half of 2016, the highest level for the period since 2008.
- U.S. housing starts rose 4.8% in June from a downwardly revised reading in May, leaving forecasts for a continued measured housing recovery unchanged.