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Wisconsin Building Supply is a destination for industry insight and a marketplace for valuable products at discounted prices.

Please remember, item availability is not guaranteed. All sales are final. Upon request, purchased items can be transferred to the WBS location nearest you. For additional information on any of the items listed, please contact the WBS location carrying the item/s.

Monday, August 8, 2011

August Lumber Market Updates

For Wisconsin Building Supply, June was followed by an equally strong July. It seems like summer has only just arrived, so it’s hard to believe the push will soon be on to get projects started before a change in the weather! Fall should also be strong due to the lackluster first-quarter performance.

Large custom, multifamily and starter homes are the drivers in the market, and the soft spot is still the mid-priced home. In fact, the National Association of Home Builders says there were significant gains in both the single-family and multifamily segments in June. Nationwide housing starts rose 14.6 percent, according to figures released by the U.S. Commerce Department in mid-July.

The cost of lumber materials for a typical two-story house is nearly identical to this time last year, and is slightly higher than last month. According to Random Lengths, July’s lumber sales were better than expected, particularly in the middle of the month. Prices were up and down, but predominantly trending upward; the Framing Lumber Composite Price has shown strength over the last few weeks with OSB leading the way. Thin inventory levels at both distribution and pro dealer levels has forced some lumber lards to reevaluate their current level of inventory and make sure they have enough product to account for the increase of business.

As always, please keep us updated on your work projects and community events. We’re glad to feature our customers on our website and social media sites! We’ll also be sharing a “featured product” every month, starting with Georgia-Pacific Vinyl Siding in August. Let us know if you have suggestions for products you’d like to learn more about going forward.