Lumber & Rebar Markets Prices Going Up and Going Up Fast
As a service to our clients we want to keep you up to date on the industry. Currently we are seeing large increases in the Lumber Markets and Rebar Markets. While in a way this may be good news, that the housing market is starting to recover, it’s bad news if you have contracts signed, at past market prices. Below I have included some articles for you.
We Highly Suggest:
If you need to buy, do right now. Prices are expected to be $75 – $100 Higher per MBF (1000 Board Feet) in Lumber Markets with-in next two weeks. What does this mean??? 5/8″ CD Plywood will be going up at least $2.00 a sheet or more. Rebar Markets are projected to increase on March 1st – $2 per 100 weight.
If you are bidding jobs, cover yourself. Do Not Bid Low.
Lumber market may point to strength in housing
One of the surprising bright spots in global commodity markets over the past few weeks has been lumber, a commodity that you would think would be in agony, given the sad state of the U.S. home market. Instead, raw lumber prices are up more than 25% this year, according to Jon Markman – Read Full Article
Nucor & Severstal Announce Steel Price Increases
Both Nucor and Severstal NA came out with new pricing on hot rolled, cold rolled and galvanized steels effective with all new non-contract orders. Nucor advised their customers of their intention to increase all flat rolled steel products by $40 per ton ($2.00/cwt). Severstal increase was more specific as the mill provided base prices for each product. – Read Full Article
Call me or e-mail me for any further information needed on the above.
Mario R. Espiñeira, Jr
Deco Truss® Company, Inc.
13980 SW 252 Street
Miami, Florida 33032
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Deco Truss® is your #1 Roof Truss and Building Material Supplier in Miami, Florida.
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Deco Truss®’s dedication to Employees, Customers and Suppliers ensures that you receive the finest quality and service at the best possible price