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Some good news

Started by grassfed, March 29, 2016, 10:57:39 AM

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grassfed

I don't want to jinx this but there has been some positive moves in the commodity price of  softwood framing lumber since January.

On Jan 19 the price per thousand for random length lumber hit a low of $234mbf It has been heading up strongly since and just hit $319 today and is limit up ($10mbf per day is the limit).

Housing inventories have started going down and prices have been going up. Who knows if it will continue but this is good news for now. 
Mike

BargeMonkey

 :D  I here the log market is supposed to pick back up shortly, I hope so.
I hear some guys talk about being overwhelmed with building / excavation work, I'm not seeing it. Right now I've been watching alot of trucks and iron being sold off cheaper than normal.

Ed_K

 grassfed, I see you watch bloomburg also  ;) .
Ed K

dustintheblood

Bargemonkey --- Lovin' the pic next to your name!
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