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Price Changes To Be Mindful Of
With 2024 off and running, manufacturers and distributors are making sure they get their last minute price changes announced. While we typically only see price increases, there are some instances this year where we're seeing price decreases.
Here's the skinny - specialty products like trim, millwork, decking, windows and doors are the product categories announcing increases. Commodity products on the other hand, like lumber, plywood and engineered wood products are taking a haircut...for now. Specifically:
Andersen & Marvin - ~4-5% increase, now in effect
TruExterior Trim - ~5% increase effective on March 1st
- Still LESS expensive than PVC and other composites though
Fypon Trim - ~5% increase effective on April 1st
Door Hardware - ~5% increase in effect
Exterior Doors - ~3-4% now in effect
Fiberon Decking - ~3.5-4% increase effective on March 1st
Commodity Lumber and Engineered Wood pricing is generally a little softer right now because manufacturers and distributors have a lot of inventory they're trying to unload during the dead of winter when framing activity is less frequent. This is a seasonal trend though, if framing activity picks up going into the spring, this pricing will start to firm up again.
Pro Tip: If you can start framing now, taking advantage of some discounts!
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