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Herrman Lumber Company

"The brands you trust, from the name you trust".

Since 1917

HBA Member

Herrman Lumber Company - Serving Pro-builders since 1917

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Market watch

 

Overview- the pace that got the new year off to a fast start the previous week eased.  But most framing lumber prices remained firm, the gainers far outnumbered any losers for the week.

OSB- Prices continued to push upward, in some cases strongly.  A few items hit their highest levels in about a year.  History tells us pricing should stay strong.  Mild weather throughout the country truly has helped the producers, not to mention the rally in plywood.

Plywood- Prices were sharply higher in all grades, most mills boasted order files into the week of January 30^th and beyond.  Sales at the mill level have slowed from last week’s hot pace; while wholesalers focused on selling from their inventories and reported good success.

SPF- Sales were quieter this week, and most mills held firm on prices, while wholesalers completed for prompt loadings. Shorter order files, and more offerings from producers added to buyers concerns over weakness in the futures markets.

 

 

 

 

Products to check out

FastenMaster is a brand of task specific contractor quality fasteners engineered to enable a PRO to complete a project Faster, Easier,Stronger.

Check out the products at your local Herrman Lumber location. Learn more from the FastenMaster website.

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Local, in the news From the Springfield Mo HBA Last Friday, ABC Television Network aired its two part series finale: the largest build in the history of the show – seven homes in seven days in Joplin, Missouri. You can watch part one and part two of the historic show online via these links (Finale Part 1 & Finale Part 2). And, for a peek behind the scenes, see the video below (courtesy of AdSmith Communications):

Sales of newly built, single-family homes edged up 1.6 percent to a seasonally adjusted annual rate of 315,000 units in November, according to newly released figures by the U.S. Commerce Department.  This marks the third consecutive monthly gain in new-home sales and the fastest pace of such activity since April. With today’s report, we have now seen three straight months of modest gains in sales, starts and builder confidence in the market for new single-family homes. While the numbers are still quite low on a historic basis, this upward trend indicates that the market is slowly finding its footing and bodes well for the months ahead.

National News

Be sure to check out builder news from the National Association of Homebuilders at the NAHB newsroom.

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