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In This Issue
2.7.17
  • Best Service, Best Value is R.P. Lumber's Commitment
  • Construction Boom Exposes Labor Shortage Threatening Homebuilding
  • Mortgage Rates Could Top 6 Percent by 2020
  • In Depth: Mouding & Trimboards
  • News Briefs
  • Industry Events

Best Service, Best Value is R.P. Lumber's Commitment

Forty years ago, Robert L. Plummer and his wife Donna were high school teachers in St. Louis, Mo. Always the entrepreneurial type, when Robert decided to leave teaching and open his own lumberyard, he did so from scratch. He borrowed $5,000, and during a bitterly cold January he set up shop in a site that had been abandoned for over a decade. When he first hung out his shingle, Plummer didn't have a customer for the first three days. And for the first three years, the building was heated by a potbelly stove in the middle of the store. He didn't have forklifts, so he unloaded product by hand. To use the restroom, employees had to walk six blocks to the nearest gas station.

Read the whole story at LBM Journal


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Construction Boom Exposes Labor Shortage Threatening Homebuilding

If you want a view from the front lines of the residential construction industry, talk to Randy Strauss. Seated in the front of his pickup truck and mobile office, with blueprints and files strewn about the passenger seat, Strauss calls me from a job site near Amherst, Ohio, roughly 40 miles east of Cleveland, where his firm, Strauss Construction, is based. He's been part of the industry since he was a kid. His grandfather was a cabinet maker, and his father was a homebuilder who worked alongside his son from the year they started the company in 1979 to a month before he passed away at age 83.

Read the whole story at Curbed

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Mortgage Rates Could Top 6 Percent by 2020

Almost a decade after it all began, the Federal Reserve is finally talking about unwinding its grand experiment in monetary policy. And when it happens, the knock-on effects in the bond market could pose a threat to the U.S. housing recovery.

Just how big is hard to quantify. But over the past month, a number of Fed officials have openly discussed the need for the central bank to reduce its bond holdings, which it amassed as part of its unprecedented quantitative easing during and after the financial crisis. The talk has prompted some on Wall Street to suggest the Fed will start its drawdown as soon as this year, which has refocused attention on its $1.75 trillion stash of mortgage-backed securities.

Read the whole story at Crain's Chicago Business

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In Depth: Mouding & Trimboards

If you're a pro dealer offering trim and moulding products to builders and remodelers, there's no doubt that wood has been good. Widespread availability of pine board in the east and Canadian spruce and western red cedar in the west, along with well-established supply chains help keep costs consistently low, while contractors love wood's workability and homeowners continue to embrace its warmth and visual aesthetics.

At least for the next four years, demand for wood moulding and trim will continue to grow, increasing 5.7% annually to fuel $5.8 billion in category sales by 2020, according to a study from The Freedonia Group, an industry research firm. In addition to new home building, growth in the office and commercial sectors will boost demand as wood remains a top option to finish and frame both exterior and interior rough construction.

Read the whole story at LBM Journal


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News Briefs

84 Lumber Suits Up for Super Bowl With Controversial Ad Buy MORE

Homewood Holdings Acquires Evergreen Lumber MORE

BlueLinx Announces New GM MORE

U.S. LBM Acquires Ridout Companies MORE

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Industry Events

2017

Feb. 15-17, Northeastern Retail Lumber Association (NRLA) LBM Expo, Providence, RI, www.NRLA.org

March 8-10, LMC Annual Meeting, New Orleans, LA, www.LMC.net

March 13-15, LBM Advantage Annual Meeting & Business Conference, Orlando, FL, www.LBMAdvantage.com

March 27-29, National Lumber & Building Material Dealers Association (NLBMDA) Spring Meeting & Legislative Conference, Washington, DC

April 5-7, Lumbermen's Association of Texas & Louisiana (LAT) Annual Convention & Buying Show, Grapevine, TX, www.lat.org

May 20-22, Do it Best Spring Market, Indianapolis, IN, www.doitbestcorp.com, 888-DOITBEST


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