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The Lumber Market Is Experiencing a Boom

While many commodity markets have experienced huge fluctuations since the outset of the COVID-19 pandemic, and many industries have been forced to make tough decisions in uncertain times, the lumber market is experiencing a boom many suppliers didn’t predict. Let’s take a look at this unexpected turn of events, and the reasons for the success of the lumber market in 2020.

The Numbers Speak for Themselves

As highlighted by the Wall Street Journal in July, “Lumber futures are up more than 85% since April 1. Lumber for July delivery settled Thursday at $499 per thousand board feet while the more heavily traded September futures ended at $481.90. Both are above the pre-pandemic high of $463.00, set during the hottest home-building market since 2006.” These numbers speak to an unforeseen trend predicated on a huge increase in demand, a surprise in a year when many industries have slowed due to lockdown and personal spending was expected to shrink. There are several important reasons that have contributed to why the lumber market is experiencing a boom.

Unexpected Spending Trends

While many other industries experienced an expected downturn in consumer spending as lockdowns increased, the same cannot be said for lumber. Instead, an explosion of home contractor and DIY projects has become prominent across the U.S. Homeowners are having decks, fences, and other outdoor features added to their homes. Restaurants have been adapting to changing regulations by adding outdoor seating areas. And while builders initially slowed construction, many have been deemed essential businesses. Low mortgage rates have helped drive increased demand for homebuilders. All of these factors have contributed to an upturn in business that many in the lumber industry didn’t foresee.

Mills Are Attempting to Keep Up

When the pandemic began, many lumber mills expected demand to diminish, and began to slow production and consider alternative business models to adapt to the circumstance. However, the opposite quickly became apparent and has left many suppliers struggling to keep up with clients who are running low on inventory. The unique situation in 2020, including March and April closures of mills that have since resumed operations, has led to a skyrocketing price-tag for lumber supplies, hungry buyers trying to meet the demand of builders and consumers, and an unprecedented futures market on lumber products. While the question remains how long the boom will last, there’s no doubt that the industry is in uncharted territory, and will likely to continue for the foreseeable future.

Need Lumber for Your Next Project? National Lumber Has You Covered

For over 100 years, National Lumber has been supplying contractors and homeowners across the Baltimore and DC metro areas with building materials they need to get the job done on time, and right. Request a quote from our expert team today, and see what National Lumber can help you build.

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Meet Scott Huguely, Head of DC Sales

Our Team is what keeps the gears turning at National Lumber. As such, it’s our pleasure to get to highlight the fantastic people who work for our company. Today, we’d like to introduce to you all Scott Huguely, head of our DC Sales Division.

With the opening of our new DC metro area location in Chevy Chase, we wanted to bring in an expert team to meet the needs of our clients in that market. We’re excited to have Scott Huguely, an industry veteran, as the leader of our DC Sales Division.

About Scott

Scott’s industry ties are significant as a fourth-generation lumber supplier. His family started Galliher & Huguely, a DC-based lumberyard in 1912. Scott began working for the family company in 1994 and has provided expert service ever since. When the local institution closed its doors in March of this year, Scott knew he wanted to work with another company that has ties to the local community as opposed to a larger chain. He admired that National Lumber was also a family-owned business and was excited to come on as a team member thanks to a long relationship with the Fruman family. This family environment extends to the whole National Lumber team and helps strengthen the relationships that are formed with all clients that come through the door.

The Impact of National Lumber in the DC Area

Scott is excited to help increase the awareness of National Lumber as a building material supplier in the DMV area. While the company has been prevalent in the area, the DC metro market is an ever-changing and growing area, and Scott is looking forward to seeing how National Lumber can continue to meet the increasing demand from builders, general contractors, and homeowners in the region.

He’s also eager to promote some of the industry-leading products National Lumber has to offer, such as Marvin Windows and Trex Decking. These two brands are in high demand across the DC market. He brings his veteran-expertise to every project, ensuring builders are selecting the products that are perfect for them.

Getting to Know Scott

Outside of work, Scott’s dedication to family continues. He loves spending time with his wife Jenny and their three children Michael, Nicholas, and Megan. Before he began work in the lumber industry, Scott had aspirations to become a sports broadcaster and his love of sports continues to this day. Scott is an avid golfer, and a life-long DC sports fan. He also cheers for his beloved UNC Tarheels. Don’t hesitate to bring him your sports hot takes when you drop in to the Design Center in Chevy Chase. On summer vacation, you’re likely to find him in Bethany Beach.

Welcome to National Lumber, Scott!

The entire team is honored to welcome Scott Huguely into the fold. We look forward to the veteran presence, industry-knowledge, and dedication he brings to each interaction with a customer. Contact Scott and the DC team today to get started on your next project.

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How to Choose the Right Marvin Windows Collection for Your Project

“Character” is a word that homebuilders often use to describe what differentiates one project from others. For so long, practicality and cost-efficiency were guiding principles of design, and character could be harder to come by. Today, builders are able to blend style with practicality and longevity in new and interesting ways. Marvin Windows are a great example of this meeting point, offering three distinct Collections that blend durability with distinct character. Let’s take a look at each Marvin Windows collection, and how to choose which one is right for your project.

Signature Collection

Marvin Windows Collection Signature

Choice, Reimagined

The Signature Collection is the most diverse and customizable suite of products that Marvin carries and has long been the preferred Collection for high-end projects of all scopes and sizes. The Signature Collection features two distinct lines, Ultimate, and Modern, each offering their own unique appeals. Ultimate is the culmination of expert design, with wood and wood-clad window options that offer a timeless appearance while maintaining the customizability contractors look for. Modern is the perfect match open floor plans and the natural-light emphasis of modern home design, featuring large expanses of glass and narrow sightlines. Both lines prioritize thermal performance to keep energy bills down while providing homeowners with adaptable smart features they come to expect, namely the ability to lock windows directly from their phones. This Marvin Windows Collection is for those who’s clients accept nothing but the best.

Elevate Collection

Marvin Windows Collection Elevate

A Gorgeous Balance

The Elevate Collection offers extraordinary balance in its design approach. On the outside, patented fiberglass withstands the elements while inviting wood interiors help bring out the attractiveness of a home. The durability is a cut above, 8 times stronger than vinyl, and 3 times stronger than vinyl/wood composites. In practice, this translates to longevity that lasts. The Elevate Collection can fit a wide variety of projects, and helps bring out the distinct design touches of each project you build.

Essential Collection

Marvin Windows Collection Essential

Classic Flair, Smart Design

For the Essential Collection, it’s all in the name. These windows are tailored to meet the demands of builders thanks to simplified options to help streamline the order process and huge versatility that can meet the needs of a variety of projects. The design features smooth lines that optimize the light coming into a home. A durable fiberglass interior and exterior minimize maintenance on the part of the homeowner, which helps to save them money over time. This Collection is perfect for contractors that prioritize versatility and a more straight-forward design.

Still Unsure Which Marvin Windows Collection is Best for Your Project? National Lumber Can Help

Our Design Center team has trained alongside the Marvin team to ensure we can help you select the product that is right for your project, whether it’s a single-family home or a multi-unit apartment complex. No need to sort through the vast options yourself, just reach out today and let us do the heavy lifting.