Pricing & Supply

Woodworking Industry News

NAHB: Building material prices up 19% year-over-year

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.

Woodworking Industry News

REPORT: Lumber prices find a balance

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.