LBM Alert Header File
5.30.17
  • Growth in US home prices continues in March, reaching 33-month high
  • The Week Ahead: Immigrant Buyers Impact High End Market
  • Why the Construction Industry May Be Robot-Proof
  • Freddie Mac forecasts more than 6 million home sales in 2017
  • With Markets Strong, Should You Delay Selling?
  • News Briefs
  • Industry Events
Growth in US home prices continues in March, reaching 33-month high

U.S. home prices rose slightly less than what was anticipated for the month of March, according to new data from the S&P/Case-Shiller U.S. National Home Price Index. But the gains were enough to reach a 33-month high, climbing at the strongest rate in nearly three years.

This, as inventory of homes for sale remains "unusually low," the group said.

Read the whole story at CNBC

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The Week Ahead: Immigrant Buyers Impact High End Market

On Wednesday, Zillow will release data on the effects international buyers have on the higher end of the housing market. A related report said foreign born homebuyers helped the housing industry bounce back from recession, but the latest report from Zillow says international buyers specifically flock to high end markets.

In a related report in “Home in America: Immigrants and Housing Demand” foreign-born homebuyers helped the housing industry bounce back from recession by stabilizing and strengthening it.

Read the whole story at the M Report

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Why the Construction Industry May Be Robot-Proof

The age of automation seems to be upon us. Robots are delivering food in San Francisco. Last week, I had an uninspiring lunch at a largely automated quinoa joint in Manhattan. Self-driving cars are developing by leaps and bounds. Even in China, factories are using technology to substitute for workers on assembly lines.

The rapid (and rampant) rollout of labor-saving technology has inspired fears of a dystopian future in which there simply won’t be any work for humans. By this line of reasoning, as software and artificial intelligence become more powerful, gains in productivity are inevitable. But if you’re skeptical of this view, you should look no further than a home construction site to back you up.

Read the whole story at strategy+business

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Freddie Mac forecasts more than 6 million home sales in 2017

A combination of strong job growth and low mortgage rates is helping to propel the housing industry towards one of its best years in decades, even as economic growth elsewhere in the country is weakening. That’s according to Freddie Mac’s latest Outlook report for May, which marks a change from the mortgage giants most recent predictions which stated that real estate wouldn’t perform as well as it did last year.

But Freddie Mac says March saw new home sales that were much better than expected. Meanwhile, existing home sales hit their highest level since 2007. As such, Freddie’s economists now believe we’ll see more than six million home sales in 2017.

Read the whole story at Reality Biz News

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LBM Strategies 2017 will be held at the new Omni Hotel, Frisco, Texas, (opening: July 2017). The cornerstone of the Dallas Cowboys brand new, state-of-the-art training facility and world headquarters, the hotel is located 20 minutes north of downtown Dallas, and less than 30 minutes from both DFW and Love Field Airports.

Register by June 15 to save $200!

Learn more and register today at LBMStrategies.com 

With Markets Strong, Should You Delay Selling?

Our markets are roaring. Everyone’s doing great, and party confetti seems to fall like snowflakes every time you look at your monthly sales reports. Projections are that 2017 will continue to be a great year for our industry.

The noted housing economist Ivy Zelman recently said, “We believe that it is fair to conclude that national new home order activity has maintained a low double-digit growth pace in the early part of 2017, comparing favorably to an already- strong fourth quarter trend.”

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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News Briefs

BlueTarp Financial Releases 2017 1st Quarter Building Supply Index MORE

Elliott Lumber Celebrates Century Mark MORE

New Home Sales Slip in April MORE

Collins Supply Closing After 56 Years MORE

Industry Events

2017

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. 20-22, Construction Suppliers Association (CSA) Annual Conference & Expo, Savannah, GA, www.gocsa.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

Oct 24-26, Forest Products & Building Materials Expo, Philadelphia, PA, www.lmc.net

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

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