Lumber Commodity Report
Welcome to our Monthly Lumber Commodity Report.
This resource is dedicated to providing builders, contractors, and homeowners with the latest insights into lumber market fluctuations, aimed at empowering you to make informed decisions for pricing and budgeting future projects enabling better preparation and planning for your construction and home improvement endeavors.
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See below for latest graphs and commentary.
As of 10/30/2024
This week we saw prices firming up a bit. Our composite average increased 0.6%, led mostly by OSB, which increased 5.5%. There were several other increases on commodities not included in our composite average:
- 2×6 DF 3.75%
- 2×10 DF 1.5%
- 2×12 DF 5%
- 2x studs ~3%
- 2×6 PT 1%
- 7/16 OSB 9’ 15%
- 7/16 OSB 10’ 8.5%
Hard to say the root cause on a few of these spikes, but I know mill capacity has been slowed down in the face of weak demand, so a chunk of the pricing is likely attributed to less materials coming on the market. It’s possible that the hurricanes have caused the OSB spike, but none of our suppliers have been quick to attribute that as the root cause.
With the exception of the OSB (large sheet sizes), most prices have continued to be historically very stable.
Note that the graphs only track 7/16 (4×8) OSB and ½” CDX.
I know all of us in the housing industry are anxiously awaiting interest rate news, as it could either be a huge boon for our industry or really put us on our heels.
As you do your quotes, just a reminder to always include escalation clauses in your bids!
Danny Steiger│President & CEO
Lumber Traders Inc.
Angeles Millwork & Lumber Co., Inc.
Angeles Rentals Equipment & Supply
Hartnagel Building Supply, Inc.
Hartnagel Glassworks
As always, the above 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.