OCTOBER 2021 BUILDING MATERIAL MARKET REFLECTION
October saw lumber show significant gains, but it finished with a cautious tone amid speculation the market may have been inflated, with mills basis trading the November Futures contract and U.S. buyers purchasing ahead of possible duties being imposed in November.
The OSB market could best be described as slow and steady as it continued to advance upward while Plywood continues to remain unchanged over the past 8 weeks.
Truss production continues to be in the 4-to-12-week range based on order files. EWP suppliers continue to keep tight allocations on producers, limiting the amount of business that can be taken as we move into the 4th quarter.
On the finishing side we are seeing some light at the end of the tunnel as MDF raw material supply seems to be slowly catching up, taking a bit of pressure off finished MDF products. Exterior drywall is still a challenge with no indication of that changing as we head into the winter months. LP Smart panel and trim is the latest product to become an issue sourcing. Mill order files on these items are currently stretching into early 2022.