Welcome to another crazy update on Commodity Prices.
Lumber mills continue to run at their maximum capacity as allowed by various COVID restrictions, but demand continues to outpace that production.
As such we are seeing two things:
- Limited availability of materials (we still have adequate stock levels, but it’s a challenge to find additional material to keep stocks high)
- Limited supply matched with high demands equaling to rapidly rising prices
OSB led the charge with a sharp uptick, but we were pretty much up across the board. Please keep in contact with your salespeople about upcoming jobs and we’d advise clauses in any new contracts that cover additional price increases.
We may be seeing additional shortages/price increases on other products, led by plastics/PVC. Many companies are even declaring “Force Majeure,” (unforeseeable circumstances that prevent someone from fulfilling a contract) as incredibly inclement weather in Texas this past month has further constrained supply and production of anything derived from oil/gas (PVC, etc).
As always, this post 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.