Relatively good news on the commodity front compared to past week’s. We’re mostly looking at flat commodity prices and even OSB is leveling out a bit.
We may sound like a broken record, but mill capacity limits and high demands are really the driving force here. Despite record prices, demand doesn’t seem to be letting up, and while we’re still relatively well-stocked we are getting word of shortages.
These price increases have also led to increases in engineered wood prices (I-joists, versalam, glulam, etc). Despite a brief scare, it appears that supply lines are at least in reasonably good order so far as product availability goes with these categories.
That said, we’re still experiencing some limited availability on new stock orders, so we’re not out of the woods yet.
The one bright spot is that lumber prices seem to have somewhat stabilized, though it’s hard to say if it’s the start of a trend or just a brief respite.
Hopefully, this is a trend, but too early to know what direction we will see next week or for Q2.
As always, this e-mail content is not financial advice. Simply data to help you be better prepared. Our goal is to create more informed builders and homeowners to properly price and budget for future jobs and projects.
We will continue to update you on changes in the commodity market. Displayed above are the latest graphs.
Angeles Millwork and Hartnagel Building Supply see our customers as business partners, and their success is, in turn, ours. That is why every month, we will publish a commodity pricing chart on our Facebook page and in our monthly newsletter. The chart will represent a correlation of average pricing trends over the past year of Douglas Fir 2×4, Pressure Treated 2×4 Lumber, 7/16” OSB, and ½” CDX.