LBM Alert Header File
2.28.17
  • Existing U.S. Home Sales Rise More Than Forecast as Supply Drops
  • The Fed plans to raise rates 'fairly soon' if the economy cooperates
  • Ask the Economist: Robert Dietz, Ph.D.
  • Will Trump Policies Lead to a Construction Boom?
  • Digital Case Studies: The Deck Store
  • News Briefs
  • Industry Events
Existing U.S. Home Sales Rise More Than Forecast as Supply Drops

Sales of previously owned U.S. homes climbed for the fifth time in six months to the highest level since 2007, indicating housing-market momentum will extend into 2017, National Association of Realtors data showed Wednesday.

Key Points

• Contract closings rose 3.3 percent to a 5.69 million annual rate in January (forecast was 5.55 million), the highest level since February 2007

• Inventory of available properties fell 7.1 percent from January 2016 to 1.69 million, making it the 20th consecutive year-over-year decline

Read the whole story at Bloomberg

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Holmes Manufacturing. A quality manufacturer of aluminum products.

HolmesWe manufacture many aluminum products and accessories, including, soffit and fascia, drip edge, colored coil stock, gutters and accessories. Our products are made of 3105 aluminum alloy and H-28 or equivalent hardness. We offer a wide range of standard and custom colors. Many of our colors coincide with the vinyl and metal industries.
 
“Time Tested Quality Aluminum Products Since 1984”

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The Fed plans to raise rates 'fairly soon' if the economy cooperates

The Federal Reserve plans to raise interest rates "fairly soon" if the economy remains on track, according to minutes from the January 31/February 1 policy meeting released Wednesday.

At that meeting, the Federal Open Market Committee voted to leave its benchmark interest rate unchanged, just as markets had expected.

Read the whole story at Business Insider

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The look of wood. The ease of low maintenance.

TapcoKleer provides affordable, sustainable, low maintenance alternatives to wood trim and wood exterior products without compromising beauty or function. Kleer products make it easy to distinguish your home’s exterior with attention-getting fascias, soffits and corners or custom architectural details. Realistic patterns and textures provide long lasting beauty, giving the consistent, finished look it deserves. Inside or outside the home, Kleer® decorative mouldings, beadboards, and other trim are not only made to impress, but also to stand the test of time.

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Ask the Economist: Robert Dietz, Ph.D.

In December, your housing market index indicated that builder confidence was at its highest level in more than 11 years. What is the significance of high builder confidence for the housing market?

According to the NAHB/Wells Fargo Housing Market Index (HMI), builders experienced a surge of market optimism following the election. As you noted, the index jumped significantly, rising from 63 to 70 in December on the hope of more efficient regulatory policy. And higher market confidence will translate into more building and more inventory in 2017.

Read the whole story at DSNews

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Screw Products, Inc. Receives ICC ESR-3654 For Selected Structural Screws!

Screw Screw Products, Inc. has received ICC Code Approval (ESR-3654) for its Bronze Star CCTX Star Drive Structural Lag Screws and Timber Hex TH & THG 5/16” Hex Head Structural / Landscape Screws. The Bronze Star CCTX are packaged in Bulk, 100ct, & 50ct with Free Star Drive Bit. The Timber Hex TH Black and THG Gray are packaged in Bulk & 50ct with Free Hex Bit. These screws are also available individually with UPC sticker. See our website for more information.

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Will Trump Policies Lead to a Construction Boom?

Now that President Trump is in office, the nation is waiting breathlessly to see if his campaign promises regarding infrastructure improvements will actually occur. The construction industry had trouble during the last recession, but might be paving the way to a possible boom with Trump’s new policies. There are several reasons why these policies may spur economic growth across the country.

Read the whole story at Ground Report

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Selex CMPC - Always Reliable‚Äč

CMPCAt CMPC USA we are committed to delivering high quality products that create value for our customers. That is why we developed the brand Selex, which identifies our premium product line. Selex products have a superior and consistent top quality, that gives any project a sophisticated refined look. Selex AC plywood offers an outstanding appearance, free of defects, suitable for decorative sheathing, furniture, flooring, laminating and more. Selex Beaded, our beaded plywood is ideal for decorative uses, including paneling and ceilings. It also offers an outstanding appearance, free of defects. In addition, both lines’ excellent solid core construction and consistent lay-up make for easy handling and workability. Exterior glue favors both interior and exterior applications. Today our products are present throughout the world, supporting hundreds of customers and millions of consumers in over 50 countries. We are driven to serve everyone with the same enduring commitment that CMPC was founded on more than 95 years ago.

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Digital Case Studies: The Deck Store

As LBM dealers continue to search out best practices for utilizing social media to their business’s advantage, many are looking to early adaptors who are experienced and willing to share to help others in the industry. This month, Tim Skog of The Deck Store offers insight into how the decking retailer and lumberyard leverages social media.

Read the whole story at LBM Journal

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BE PROWOOD PROUD

ProWood Never Settle. It’s more than our tagline. It’s our anthem. Not just because our products are superior, but because we go the extra mile to give our dealers the service and support they need. That’s why we’re introducing the ProWood Proud Dealer Program. The program provides dealers with access to advertising funds, marketing support, POP and merchandising displays, rebates and more. You can depend on ProWood for the proactive service you need and the quality products you want – and your customers demand. NEVER SETTLE.

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News Briefs

Retail Display Space, Smart Homes Highlight Orgill's Spring Dealer Market MORE

BMC Names Hamblet Executive Vice President, eBusiness and Pro Remodeling MORE

Royal Building Products Survey Shows Homeowners See Room for Improvement MORE

New Home Sales Start Year on Positive Note MORE

Industry Events

2017
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

May 4-5, East Coast Builders Conference, Atlanta, GA, www.ECBCShow.com

May 19-22, Do it Best Spring Market, Indianapolis, IN, www.doitbestcorp.com

Aug. 24-26, Orgill Fall Dealer Market, Boston, www.orgill.com

Sept. 7-8, LBM Strategies Conference, Frisco, TX, www.LBMStrategies.com