LBM Alert Header File
5.2.17
  • America's Housing Construction Labor Shortage Continues
  • Explaining the Federal Reserve’s Big Unwind
  • What President Trump's Tax Proposal Means For The Housing Market And The Value Of Your Home
  • Why the U.S. and Canada Are Fighting About Lumber: QuickTake Q&A
  • News Briefs
  • Industry Events
America's Housing Construction Labor Shortage Continues

Several years after the Great Recession, it's safe to say that America's housing market is back. Since 2009, when the number of new authorized housing units dipped to 583,000, they have ticked up every year since, and are now around 1.2 million annually. The National Association of Home Builders/Wells Fargo Housing Market Index has also increased every year since then, almost returning to the levels found in the late-1990s boom years. And national median home prices, while bottoming out in 2012, have risen back up to their 2007 levels, creating a nearly perfect symmetrical, upside-down bell curve on Zillow's 10-year graph.

But one element of the housing industry has not returned: the workers. And this appears to have increased construction costs, becoming one of the under-reported factors behind America's rising home sale prices.

Read the whole story at Forbes

ADVERTISEMENT
 
Roseburg DuraTemp® Real Wood Siding

Roseburg Roseburg DuraTemp® siding has a natural textured appearance with a surface that is 100% clear and free of patches and repairs. It’s easy to paint and can withstand exposure to the elements. DuraTemp is manufactured with a strong plywood veneer inner core made of western softwood veneer and a fully water resistant (NAUF) phenolic resin. The surface is a tough hardboard face that won’t split, crack or check -- even with rough treatment. The plywood core is easy to handle and install yet stronger than most other siding products. Unlike vinyl and cement siding, DuraTemp siding is made from real wood, an environmentally friendly renewable resource.

Learn More

Explaining the Federal Reserve’s Big Unwind

The Federal Reserve helped pull the U.S. economy from the brink of disaster by purchasing vast quantities of government bonds and mortgage-backed securities. That rescue, known as quantitative easing, was designed to promote economic growth by keeping long-term interest rates low, but it also pumped up the assets on the Fed’s balance sheet to an unheard-of $4.5 trillion. The Fed stopped its buying spree in 2014, but purposely refrained from paring its bloated balance sheet until it was sure the economy was good and ready. Now, that moment is approaching, with most policy makers expecting the process to begin later this year.

Read the whole story at Bloomberg

ADVERTISEMENT
 
DID YOU KNOW?

PlyGemNot a single county in the U.S. can fill 100% of its need for safe, affordable housing. That’s just one reason Ply Gem is proud to lead Affordable Housing Month this May. Now is the time to band together, generate awareness for this important cause and show your customers that you are an advocate for fair, accessible housing. Request a free merchandising kit for your showroom to engage with customers and help us spread the word about Affordable Housing Month.

Learn More

 
What President Trump's Tax Proposal Means For The Housing Market And The Value Of Your Home

Wednesday afternoon the White House released what it is calling a “first draft” of President Donald Trump’s promised tax-cut plan. The outline, which fits on a single page, largely adheres to pledges Trump made on the campaign trail, as well as to the details that have slipped out in the frenzied days leading up to the announcement.

The release does confirm that the president would like to preserve the home mortgage interest deduction, while doubling the standard deduction—two points of particular interest to homeowners, buyers and the real estate industry at large.

Read the whole story at Forbes

ADVERTISEMENT

The Hardest Working Guards in the Business

E-Z These hardworking new gutter guards from Midwest Enterprises are engineered for a fast install – no fasteners needed! They’re designed to stay put during rough weather, but snap out for maintenance. All E-Z-Shield gutter guards will fit 5” gutter and come in 4’ sections.

Learn More

Why the U.S. and Canada Are Fighting About Lumber: QuickTake Q&A

The U.S. and Canada are locked in a dispute over softwood lumber, the latest entanglement in one of the thorniest commerce spats between the world’s two largest trading partners. The U.S. escalated the row by slapping tariffs of up to 24.1 percent on Canadian lumber, saying the government provides unfair subsidies to producers. If history is any guide, consumers will be paying more for wood.

1. What’s the battle over? The U.S. lumber industry alleges Canadian wood is heavily subsidized and that imports are harming American mills and workers. Canadians argue the U.S. depends on its lumber for home construction and won’t be able to meet demand without its neighbor to the north. It’s a rift that goes back decades.

Read the whole story at Bloomberg

ADVERTISEMENT
 
DeckWise® Altitudes Pedestal™ System

Displaying DeckWise250x300.gifThe engineers at DeckWise® developed the Altitudes Pedestal™ System to transform underutilized sloped roof tops, concrete patios, and balconies into beautiful outdoor living spaces. Pedestals will support and elevate 24" x 24" Ipe hardwood deck tiles over multiple substrate slopes for a perfectly level deck tile surface with a load bearing capacity of up to 1,200 lbs. per pedestal.

Learn More

 
News Briefs

Huttig Partners with Duchesne MORE

Sherwood Lumber Opens New Distribution Center MORE

Home Prices Hit Fourth Consecutive All-Time High MORE

New Home Sales in March Continue Upward Trend MORE

ADVERTISEMENT
 
Take a Stand Against Mice.

Conv ProdMouse Shield™ contains an EPA-registered pesticide that protects the foam from attack by mice and other pests such as birds, bats and squirrels. It also blocks insects, such as ants, roaches, spiders and bees.

Use Mouse Shield to keep mice and pests outside where they belong. Seal gaps and cracks inside garages, attics, crawl spaces, basements, under sinks, around pipes/electrical penetrations or any areas where pests, insects or drafts can enter homes and living spaces.

Discover Mouse Shield Premium Pest Block at www.touchnfoam.com – then order it for your customers today by contacting us at 1-800-325-6180.

Learn More

 

Industry Events

2017

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. 4-6, Florida Building Material Association (FBMA) Convention and Gulf Atlantic Building Products Expo, Orlando, www.fbma.org

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

Nov. 7-9, Western Building Material Association 115th Annual Convention, Marysville, WA, www.wbma.org

Nov. 8-9, West Coast Lumber & Building Material Association (WCLBMA) Annual Convention and 100th Anniversary Celebration, Rancho Mirage, CA. www.lumberassociation.org