LBM Alert Header File
3.28.17
  • What Trump’s tax cuts mean for affordable housing deals
  • Here's the surprising way rising interest rates could affect the housing market
  • Can housing keep chugging despite headwinds?
  • Digital Case Studies: Oxford Lumber
  • Lumber Prices Headed Higher
  • News Briefs
  • Industry Events
What Trump’s tax cuts mean for affordable housing deals

Tax reform is one of President Donald Trump’s priorities, after repealing Obamacare, however experts explain the possibility of this overhaul is disrupting the affordable housing industry, according to an article by Laura Kusisto for The Wall Street Journal.

The article explains many investors in the industry are enticed by tax credits earned by setting aside a certain number of units for low-income residents, which can even determine if a project gets off the ground.

Read the whole story at Housing Wire

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Here's the surprising way rising interest rates could affect the housing market

After the Federal Reserve raised the Fed Funds rate by a quarter of a point last week, the real estate industry fretted over the potential effects of higher mortgage rates on home affordability, and how that could curtail the still-wobbly recovery of the U.S. housing market.

So far, there's been no sign that the market is retreating. In fact, it seems more likely that the Fed's actions could actually be good for the housing market. Here's why.

Read the whole story at CNBC

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The look of Wood. The ease of low maintenance.

TapcoProudly made in the USA using the highest quality PVC resin, Kleer Trimboards deliver optimum workability and lasting durability. Kleer TruEDGE technology provides sharper, cleaner edges that resist dust and dirt, and a smooth finish that’s easier to clean than wood trim or PVC boards without sealed edges. Infused with UV inhibitors that provide long lasting protection over time, they are perfect for creating authentic accents around windows, door and more. 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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Can housing keep chugging despite headwinds?

The housing market has held up remarkably well, but rising mortgage rates and a limited inventory of existing homes are likely to test its resiliency over the coming months. Reports this week on new and existing home sales will provide a snapshot of the market’s performance in February. The latest reading on business investment, which has been gradually rebounding from a slump, rounds out a light menu of economic news.

Existing home sales increased a healthy 3.3% in January despite just a 3.6-month supply of units, lowest since January 2005. Still, the thin stockpile is taking some toll on sales and probably more than offset unusually warm weather in February, says Nomura economist Lewis Alexander. Mortgage rates actually dipped last month but, at about 4.17%, were still up from 3.47% in October. Alexander notes that mortgage applications declined in February while pending home sales, an indicator of future transactions, were down the previous month. All told, economists estimate the National Association of Realtors will announce Wednesday that existing home sales fell 1.8% last month to a seasonally adjusted annual rate of 5.6 million.<

 

Read the whole story at USA Today

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Digital Case Studies: Oxford Lumber

As LBM dealers continue to search out best practices for utilizing social media to their business’s advantage, we’ve talked with early adaptors who are now experienced and willing to share to help others in the industry. This month, Cindy Stone, Marketing Manager at Oxford Lumber in Oxford, Ala., offers insight into how her company leverages social media.

Read the whole story at LBM Journal

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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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Lumber Prices Headed Higher

A mini-trade war between the U.S. and Canada is set to send lumber prices higher.

At issue is the price Canadian foresters charge to cut down a tree, which is known as stumpage. The Canadians charge less than their U.S. counterparts, explains Kevin Mason, managing director at ERA Forest Products Research in Vancouver. U.S. producers believe the price is unfairly low and is undercutting U.S. lumber activity.

Read the whole story at Barrons

News Briefs

Spahn & Rose Lumber Co. Names New President MORE

NLBMDA Members Prepare for Capitol Hill Visits MORE

Sparr Building and Farm Supply Celebrates 70 Years MORE

Industry Events

2017

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 2-3, Kentucky Building Material Association (KBMA) Annual Convention & Expo, Covington, KY, www.KBMA.net

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

July 27-30, Building Material Suppliers Association (BMSA) Summer Conference, Virginia Beach, VA  www.mybmsa.org

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

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

Sept. 25-27, True Value Fall Reunion, Chicago. www.truevalue.com

Oct. 13-16, Do it Best Fall Market, Indianapolis, IN, www.doitbestcorp.com

Nov. 8-10, NAWLA Trader’s Market, Chicago, IL, www.NAWLA.org