According to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 0.5% in April, following upwardly revised increases of 1.9% and 2.4% in March and February, respectively. This adds up to an 4.9% increase in building materials prices since the start of 2022. Year-over-year, building materials prices are up 19.2% and have risen 35.6% since the start of the pandemic.
Pricing & Supply
TORONTO – Tropical Forest Products’ lack Label premium brand of Ipe and other tropical hardwoods will expand throughout California as part of a distribution partnership with Ganahl Lumber. Based in Anaheim, Calif., Ganahl will distribute the full line of Black Label products through its 10 California branch locations.
During the first year of the COVID-19 pandemic, prices of processed wood products, such as softwood lumber and plywood, nearly quadrupled, according to a report from the Southern Research Station of the United States Department of Agriculture.
A slight lull in buying through March and April brought lumber prices down to levels which made customers comfortable.
Mickey, a startup company, launched its automated lumber marketplace that offers a variety of hardwood lumber sourced directly from producers who have been certified by the National Hardwood Lumber Association for harvesting logs from sustainable and renewable forest resources around the United States.
FRUITLAND, Idaho – Woodgrain, a leading millwork manufacturer, has completed the purchase of Huttig Building Products, a domestic distributor of millwork, building materials and wood products. The company said that this acquisition significantly increases Woodgrain’s distribution network, its product offering, and its value-added services.
VANCOUVER, B.C. -- For the moment, reports Madison's Lumber Reporter, it seems the North American construction framing dimension softwood lumber market has found a supply-demand balance, as the benchmark price drops slightly but many others remain flat. In the week following Easter, sawmills, and wholesalers seemed to find good price levels that attracted back customers who may have been waiting to book purchases. Suppliers reported robust sales on continued plump inventories, while buyer enthusiasm pushed sawmill order files into early May.
Stora Enso agreed to divest its two sawmills in Russia as well as the forestry operations that supplied the wood to those mills.