LBM Advantage CEO Steve Sallah said the conference has solid attendance with every region of the buying group represented.
Challenges, including the wild swings in lumber prices are in the rearview mirror, Johnson said.
Additionally, product shortages and devaluation risks are obstacles that have also been overcome. “The volatility is behind us,” Johnson added. “We own inventory, we have inventory on the ground in several reloads.”
A new challenge is how much and how quickly LBM Advantage can grow — including its forest products division — and making sure the buying group has the right programs in place to take on additional growth.
Looking at current sales trends at LBM Advantage, framing lumber sales are up 4%, panels are down 2% partly due to product limitations in the marketplace, but treated lumber is “the shining star” and up 30%, Johnson noted.
Additional good news is the lumber market is correcting itself with prices landing more in line, minus extreme fluctuation. “We are heading in the right direction,” Johnson explained while pointing out that prices for framing lumber will be back in line from where it was a year ago within the next 30 to 60 days.
Looking ahead, LBM Advantage said housing “remains underbuilt” and the organization has a positive outlook as it heads in 2024 and 2025.
Regarding the conference and expectations, LBM Advantage CEO Steve Sallah was pleased with the conference’s attendance and the outlook ahead.
“We have every region of the country represented,” Sallah told HBSDealer. “Dealers are positive, business has remained strong, and consistently better than expected. They are looking forward to closing out the year strong.”