Today’s market update was relatively stable. A few items dropped by a fraction of a percent, and a number rose by a marginal amount. All said and done; our composite average rose by only 1%.
Availability seems to be slightly improving, but the cost of fuel is increasing steadily (in case you hadn’t heard, it feels a bit silly to even be stating the obvious). No one seems to be entirely sure of what the Russia/Ukraine conflict will do to broader markets.
One item that is set to go up is steel, specifically rebar. I have yet to hear from our suppliers, but I would assume anything petroleum-based (asphalt shingles, for example) will likely be on the rise.
Other than that, most of the market has stayed consistent – lead times are challenging, and labor is limited. Transportation will continue to increase costs across the board. Friendly reminder if you are a professional to be sure and have an escalation clause in your quotes!
Danny Steiger│President & CEO
Lumber Traders Inc.
Angeles Millwork & Lumber Co.
Hartnagel Building Supply
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.