There continues to be a discount in pricing between plywood and OSB. It is becoming more challenging to capitalize on plywood as a substitute as mill order files are now showing August delivery, making the availability of prompt wood almost nonexistent. With strong demand and tight supply, expect that trend to continue.
Truss/EWP products have continued to follow the same trends as seen in March; with 2×4 pricing continuing upward, truss producers have no choice but to consider price increases soon. The supply of EWP remains tight, and many manufacturers are dealing with issues causing backorders within the very delicate supply chain. Expect this issue to continue for the foreseeable future as manufacturing struggles to catch up to strong demand.
Truss hanger and plates are still behind in production, as manufacturers can not keep up with demand, resulting in late delivery. As the price of steel continues to increase, expect prices to climb on truss hangers and plates as well.
The MDF nightmare continues, with raw material supply issues being the source of the problem. Manufacturing facilities are forced to scale back production because they don’t have enough raw material to operate at full capacity. This issue puts production behind sales approximately 3-4months due to the lack of raw material supply. Mouldings and door casing availability will continue to be impacted by this going forward.