November21

December 2016 – Lumber Update

By Paul Rogers,

The languishing market (and how long it will last) has been the hot topic of late. Demand was moderate, but supplies seemed to be ample across the board and so prices bumped along with little swing either way. It’s the opinion of many that an overproduction of lumber in recent months was the culprit. Leading up to the expiration of the Softwood Lumber Agreement in October, thoughts were that prices would spike, so buyers would cover themselves from what could be a volatile market. The reality is that it came and went with little fanfare and, although dealers typically bought a little heavy to protect themselves and prepare for a busy spate of business, neither really materialized. Now that the last month of the year is here, inventories are purposely being run down in order to avoid having to pay taxes on its December 31st value. With the onset of the holidays and the potential for weather-related interruptions, it’s looking like a status quo situation until January. By that time, dealers will be looking to replenish their inventories. In the meantime, we anticipate pricing to be flat right up until the end of the year.

As obvious as it may sound, planning ahead does reduce the effort and expense of the alternative. In this season of impulse buying, there will undoubtedly be extra effort and expense incurred by most of us as we tend to our businesses and our holiday duties, in our efforts to beat deadlines and to satisfy our needs. As we have all experienced at one time or another, you can spend a far greater amount of time and money searching for something that you need right now than if you were to have planned ahead, researched and purchased the best and right product. Rush buying is never a good thing, as the lost opportunity to plan your purchase trumps your ability to buy it to your best advantage. Plus, it rarely satisfies! Although we may not be able to help you in this regard with your holiday shopping, we certainly can help you out with your business needs, so please enlist us to help you plan ahead for your upcoming projects. We can advise you of your best options and alternatives and, in turn, we can obtain for you the best quality and prices (as well as have them at the ready for when you need them). Even for the times that reactionary buying is necessary, we would like to be here to help you slow things down and get you what you truly need at the best price. Please consider us the next time you see that clock ticking down and you find yourself scrambling for that one thing; we promise you we can help!

We have so many things in life to be grateful for, and it’s so easy to take them for granted as we go about our days. During this time of the year, it’s a blessing to be able to take pause and consider how much we can be grateful for. Please know that we are very aware of how important your business is to us and that we will never take it for granted. On behalf of all of us here at Shepley, we sincerely thank you for your past, present and future business. Please have a safe, healthy and happy holiday season!

 

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