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Market Monday – Do you trust a woodchuck?

Posted in What's New by Kate Whittemore

Only six more weeks of winter, at least according to Punxsutawney Phil.

We would love a quicker end to this brutal winter, but our faith in woodchucks has waivered since a recent trip to Punxsutawney. A few weeks ago we sent a truckload of windows to this more Southerly section of our region and there is a distinct difference in climate between our latitude and that of the birthplace of the illustrious Phil. Perhaps Phil believes winter will only stretch 6 more weeks in Punxsutawney, but here in upstate NY that may be a long shot.

All of our past experience indicates that, while people begin dreaming of Springtime activities in mid-March, Broome and Tioga county residents are destined to hold off their projects until mid to late April. Often we see little activity in the way of decks, roofs or building projects until May 1st.

No matter how many weeks we need to add to Phil’s prediction, now is the time for planning and we are seeing decent building prep activity, some commercial/municipal and some residential.

Currently 2×4 and 2×6 studs are becomming difficult to find, which doesn’t bode well for pricing. On the other hand random lengths are easy to come by, so the source of the availability issues is hard to decipher. Meanwhile the onslaught of winter storms have made OSB and plywood trading slow and prices show it.

Somebody needs to tell the jerks stealing copper around our area that they need to wait for the price to regain strength. Right now slow demand from China has caused copper prices to drop, but there are still reports of theives ransacking buildings to strip the copper. Don’t they watch the market?

True Value recently announced that PVC drainage products are experiencing price increases due to increased fuel costs. This is no joke and these fuel costs have the ability to drive the prices of many products upward. We will continue to alert you to any manufacturer announced price increases as they arise.

Whether you believe the predictions of a woodchuck or not, consider the duldrums of winter a good time to finish up the little stuff, your Honey-Do-List or the tail ends of a few jobs that have been nagging you. We are always willing to help you plan for your spring projects and we will continue watching the stud market.

Happy Belated Ground Hog Day!

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