CHARLOTTE, NC – The volume of both orders and shipments of southern yellow pine framing lumber fell dramatically for the week of March 4, according to Mill2Market, Forest2Market’s lumber price service.
Ordered volume fell 38% below recent weekly averages and 16% below the previous week’s total. Shipment volume fell 28% below recent weekly averages and 17% below the previous week’s total. Prices reflected the decrease in demand. Southern yellow pine framing lumber increased an average of just $3.87 per thousand board feet over the last two weeks. The average weekly price increase for the four weeks before that was $15.78 per thousand board feet. Since the last week of January, prices have increased a total of $58.31 per thousand board feet.
“If you compare volume and price data, you can see the exact time when the market began to cool,” said Daniel Stuber, who oversees data quality and analytics at Forest2Market. “Because we collect volume associated with orders and shipments, we are able to see exactly how the market is moving.”
See chart comparing volume and price data.
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