Friends and Neighbors,
As promised, I am writing to keep you updated on the world of commodity lumber prices. In laymen’s terms, the market is absolutely on fire. Every week, and often multiple times in the week, the print prices are climbing. The notes below come straight from the presses of one of our primary lumber suppliers.
- OSB: All Mills are still off the market. Inventories are very low, and trucking continues to be late!
- Panels: Published pricing was up on all items. Order files the week of 3/5 to 4/2. Pricing is up on everything!!
- Lumber: Up, up, and away!! Way up on all fronts. Stock levels are limited, and mills are on the struggle bus to get loads out.
- Studs: All trims are up again this week in Hemlock and Doug Fir. Order files continue to be 2-4 weeks out.
At this point, print on OSB was high enough that it should be retailing for over $19 per sheet. The last time the market saw pricing this high, was directly following the building boom in 2006 on top of the hurricane Katrina impact. It is early February and much of the country is still in the cold, so we have not seen anything close to peak demand that will come in the spring and summer. As that happens, $23+ per sheet of OSB will be in the market.
Lumber is trading higher now than it was at the height of the building season last August. Extended lead times and escalating prices indicate that real price correction is not in the foreseeable future. Panel inventory is following the same trajectory.
If you are a owner ready to build this year, I would encourage you to ask your builder for an escalation clause in the contract. That gives you a pause button if the increased material cost is crushing your budget. As a builder, having the clause can also help you protect the profitability of your business, by not providing the material cost overruns out of your pocket.
We have invested very heavy in our inventory to try and take away some of the sting of the increasing market. Our goal is to help you ride the storm by having you under our umbrella. As we get closer to re-entering the commodity markets, we will have to follow the market to cover the replacement cost of our more normal inventory volumes. As this happens, we will be sure to keep our communication open so that you are as prepared as possible.
Thanks for following the market with us and please follow our social channels or this blog to stay up-to-date on the weekly, if not daily, changes in the world of commodity lumber.
CEO Lumber Traders Inc.
Lumber is a commodity with prices fluctuating weekly due to market conditions. With our Lumber Commodity Price Sheet we look to keep you as informed as possible about those prices. Click on the price list for a downloadable or printable .PDF version. Below the Price List is the Commodity Price Chart for quick reference into what is happening in the markets along with showing overall market trends. This is updated weekly or as the market sees fit.
PRINT the price list HERE
Framing Lumber – We proudly stock #2 & better kiln dried PREMIUM Douglas Fir
Our lumber is Structurally sound, has 4 square edges & is less prone to splits & checks.
All lengths marked in ORANGE are NOT stocked at Home Depot
Pressure Treated Lumber – We proudly stock #2 & better CA-C (Copper Azole) incised treated Hemlock for ground contact.
Worry free application, treated to withstand the elements, approved for ground contact & in-ground use.
Pressure Treated Decking – We proudly stock #2 & better PREMIUM smooth Douglas Fir decking.
Treated for local weather, dimensionally stable, & looks better longer.
Framing Panels – We proudly stock only APA Rated & Graded panels.
APA rated for quality assurance, third party verification, & building code compliant.
Plaster Board – We proudly stock only CertainTeed Brand Gypsum.
Easi-light for better handling, M2 Tech for mold and moisture resistance.
||1/2″x4′ Ultralight Moisture Resistant
|5/8″x4′ Type X
||5/8″x4′ Type X Moisture Resistant
Fencing – We proudly stock components that are designed for the outdoors.
Western Red Cedar & always rated for ground contact.
||Treated 4×4 Post
||60# Concrete Mix
Place your order today! Ask about our delivery services and free estimates for all our building materials.
Prices are subject to change without notice. Call for current availability. Lumber commodity pricing is updated weekly.
Commodity Pricing Jan 2017 - YTD
Stack up the wood, get out the roasting sticks, kick back and enjoy the glow, but first…
Drop on by our booth and enter to win a grand fire pit from Basalite at the NPBA Sequim Building, Remodeling and Energy Expo, Saturday, February 17th from 9am – 5pm and Sunday the 18th from 9am – 3pm.
The Northwest is always perfect to enjoy the warmth of a backyard fire. Necessories’ from Basalite Fire Rings and Pits add charm to any backyard design. Because they’re built with high-quality block, finishing capstone and a U.S. Park Service grade steel insert, they will last indefinitely and look amazing.
The Grand Fire Pit measures 4ft across with capstone and is a great comfort and social addition to any backyard. It can easily be built in less than an hour and comes with a heavy duty steel insert to protect the stone blocks.
- Easy to assemble with instructions included
- Concrete pre-cut and sized to fit
- Steel insert included
- Finished capstone included
- MSRP $599
Drop on by our booth and fill out a short entry form to be entered to win a Grand Firepit with capstone! (ONE ENTRY PER PERSON)
Winner will be notified by phone and email.
1993 GMC 7000 For Sale – $15000
- 3116 Cat Diesel Engine
- 262,491 miles
- 8LL (8 speed) Eaton Transmission
- Air Brakes
- 46,000 GVW
- Newer tires in great condition
- Hydraulic tilt flat bed
If you’re interested OR have questions contact Dave Dornbush between 9am – 4pm at 360-460-2313
The NPBA Building, Remodeling and Energy Expo is coming up quick and we’d like for you join us! The Expo will be held at the Sequim High School Gymnasiums, Saturday, February 17th from 9am – 5pm and Sunday the 18th from 9am – 3pm.
We will be showing off the best outdoor living products in decking, railing and outdoor accessories, chosen to highlight their quality and value. The Contractor Sales Staff and Retail Sales Managers from both stores will be there to help answer any questions, while helping you realize the outdoor dreams you have for your home.
The growing market of wood alternative options in decking are highlighted as the best in their category. Showing off the composite options of EverGrain, the capped composites of TimberTech and the PVC options that are produced by Wolf, we will present you with a full overview of wood alternative decking. There are great advantages in the above mentioned decking options for most of the homeowners on the peninsula. They continually outlast their wood counterparts with incredible warranties, their upkeep and maintenance is a huge time-saver and they can be installed without the appearance of fasteners.
The Railing being presented have many of the superior aspects as our decking choices with great warranties, easy installation and many options to consider when looking to frame a deck or patio. Manufactured by TimberTech, Western Clearview Railing Systems and Wild Hog Railing you will see a great variety of styles that can fit the tastes of a contemporary customer to those with more traditional tastes.
Closing out the products and the focal point of our booth will be the Grand Fire Pit from Basalite. Living in the Northwest there are always cool evenings to enjoy a backyard fire. The Grand Fire Ring adds charm to any backyard, it’s made with high-quality Rockwood fire ring block and a U.S. Park Service grade steel insert that will last indefinitely.
That’s not all…
Not only will be showing it off, we’ll be giving it away to ONE lucky attendee. Remember to enter by filling out an entry form at our booth, (one entry per person) and cross those fingers! Winners will be called directly, announced on our website and publicized on social media channels.
As an employee owned company, we have a strong connection, and frankly, a large responsibility to support the communities of the Olympic Peninsula. Our customers and owners live, work and play right here. In the past, Angeles Millwork and Hartnagels have generously given in building materials and cash to numerous small and large non-profits and community organizations, chosen by us as our resources allowed.
In 2018, we’ve decided to take a bold approach and ask you each individually to fulfill our request to best help our community. We are looking for input from our friends and customers on which community organizations are in the most need of assistance. These organizations should be local and with a direct impact to those on the Olympic Peninsula. We absolutely love the idea of focusing on organizations that are mostly manned by volunteers with little time to actively fund-raise or apply for appropriate funding grants.
This will come together as a monthly event we will be calling “Community Saturday”.
On the first Saturday of each month, starting in April, we will be selecting a local organization, or organizations, brought forward by the community and our employee owners. The charitable organization will be promoted through our website and social media channels, highlighting their accomplishments in the community and their immediate need, to which we will be looking to help fund. With your help, we will donate 5% of ALL retail sales from BOTH Angeles Millwork and Hartnagels to the chosen organization. This way we all know where our efforts are going and how they are being used.
To assist us in our search, we are asking that any interested organizations fill out the required form by clicking HERE and apply to be a part of our “Community Saturday” for 2018.
All those submitting a completed form will get an email confirming their application was received. Please allow for at least one business day to receive your confirmation.
2018 Community Saturday Recipients will be notified via phone and email in March of 2018. A list of 2018 recipients will be announced in April on our website and Facebook.
Friends and Neighbors,
If you are like me and you lay awake at night thinking about commodity lumber, then please read further. If you do not pay attention to lumber pricing but you have it in your mind to expand your living space or build your dream home this year, then you really should read further. With the unprecedented hurricanes/ flooding along the gulf coast, wild fires in California, and the nationwide building boom still raging, supplies will struggle to keep up with demand.
Right now, we are experiencing shortages on commodity panels like OSB because some mills are off the market (OTM) and others that have product cannot get a rail car spotted. Angeles Millwork placed an order for a truckload of OSB three weeks ago and we should see it by the end of this week. Without even seeing this new stock on the ground, we are placing purchase orders for Hartnagels and Angeles Millwork that should arrive in early March. We are taking this position for two reasons, first and foremost is to protect our supply in and through the building season. The second reason is to do everything we can to help protect our customers from commodity traders that will push prices on OSB up over $20 a sheet in the near future. CDX panels are facing the same challenges with order files pushed into late February.
Outside of the panel inventory, lumber prices are following much the same trajectory. Most of the Douglas Fir fiber we supply comes from the Oregon coast and is not immediately impacted by the counter veiling duty issues. The supply problem comes from directing materials out of our markets and into the rebuilding areas. One area of particular concern is the wide stock, 2×8 through 2×12. On a percentage basis, pricing increased from week to week by more than double digits with some lengths moving up by more than $90/MBF (per thousand board foot). The narrows, 2×4 and 2×6, also saw significant gains with pricing moving up by as much as $35/MBF in some lengths.
As of right now, I have not seen any price increases on engineered word products (EWP) but I do expect them to follow as they will run into the same supply and demand issues related to OSB and veneers used to manufacture i-Joist and laminated beams.
Moving out of the winter and into the spring, we are trying very hard to get a clearer picture of what is happening with commodity markets so that we can better serve and protect our customers. When things change significantly one way or another, I will write about it in this blog and through our social media platforms to keep you all updated. This season has the promise to be very active so please stay tuned.
CEO Lumber Traders Inc.
Fresh out of the Ruddell Graphics department, Hartnagel’s new Piggy Back Western Star delivery truck and Angeles Millwork’s new Ford delivery box trucks just got wrapped with new vinyl graphics. The wraps highlight elements like diamond plate and wood grain from our industry and of course Mt. Olympus from our logo and the gorgeous locale we are luckily enough to serve. We couldn’t be happier with the new look and the fine job Shaun and Phil from Ruddell did on the wraps. The whole fleet of trucks and vehicles from both Angeles Millwork and Hartnagels will soon be getting a similar make-over, so keep an eye out on the roads and give our drivers a wave!
Dear Friends and Neighbors,
As we look forward to another prosperous year in 2018, it is important that we look back with gratitude on the opportunities you have blessed us with in 2017. With your loyalty and our dedication to serving you, we have grown our business in the face of an unprecedented labor shortage in our industry and a very active commodity market.
While we do not know what the next year will bring, we know that with your continued support, we will be able to fulfill our promise to be engaged with our community to make Clallam County better for all of us that call it home. Whether it is supporting families through Habitat for Humanity of Clallam County or working with the North Peninsula Builders Association to make housing affordable, you can count on the employee owners of our stores to make a difference.
On behalf of the employee owners who are proud to be part of the Lumber Traders family, we at Angeles Millwork & Lumber Company and Hartnagel Building Supply, thank you for your trust and wish you a great 2018.