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This report last updated:
Friday, May 2, 2008
Lumber is a commodity and as such is subject to daily variations in market pricing. Our policy has always been to attempt to keep our pricing as stable as possible. We constantly strive to purchase inventory when the market is down and to avoid passing on price spikes when they occur.
In order for you, the customer, to monitor the movement of the lumber market we have taken a basic house and will constantly update the price to reflect the current market. For comparison, we provide current pricing of the house, pricing from three months earlier, pricing from six months earlier and pricing from one year earlier.
The base house represented in the pricing shown here is a 2,800 sq. ft. two-story single family residence chosen by us to be of average cost to build. This pricing should only be used for market comparison and not for quotation. Pricing of other
2,800 sq. ft. residences may very greatly from the one quoted here. Pricing shown here is for framing and exterior trim only. Sales taxes not included.
Cost of materials to build the base 2,800 sq. ft. house priced as of:
| 04/10/07 |
10/10/07 |
1/10/08 |
Current |
| $30,282.37 |
$30,744.59 |
$27,516.29 |
$26,827.90 |
Market Indicator Value
We are also providing a market indicator value compiled by Butz Lumber based on input from the lumber brokers we deal with. This is a composite framing lumber price based on factors that we have determined most affect your cost
as a builder. While the dollar figure is not important, the percentage rise or fall of the composite price will help you understand the direction the market is headed.
| 18 Months Ago |
12 Months Ago |
6 Months Ago |
Current |
| $449.13 |
$393.58 |
$397.20 |
$357.49 |
Current Market Trends
The lumber market has seemed to bottom out. Prices are beginning to creep back up. This is a result of distributors beginning to fill in the holes in their inventories and a result of many mill closures. It is possible that this up turn may not last, but if the housing market picks up, then prices will not come back down. As we have stated over the last few months, if you are thinking of building or remodeling, now is the time. We have about a 90 day inventory bought, so our prices will remain relatively steady for another couple of months, but as summer gets closer, there is no doubt, buidling materials will cost more.
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