LBM Alert Header File
6.13.17
  • Point / Counterpoint: Tariffs on Canadian Softwood Lumber
  • Americans Are Pouring Money Into Their Homes Like It's the 1990s
  • Tax Reform Could Put Homeownership Out of Reach
  • Mortgage rates slide to nearly seven-month low
  • News Briefs
  • Industry Events
Point / Counterpoint: Tariffs on Canadian Softwood Lumber

There is no shortage of strong opinions about the recently announced tariffs on Canadian softwood lumber imported into the U.S. To present both sides of this issue, LBM Journal reached out to the National Association of Home Builders, which has voiced strong opposition to the tariffs, and to the U.S. Lumber Coalition, which lobbied for and supports the tariffs, to answer one question:

“Are U.S. duties on Canadian lumber good or bad for America’s lumber/ building material industry?”

Read the whole story at LBM Journal

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Americans Are Pouring Money Into Their Homes Like It's the 1990s

If you’re building or renovating a home in the U.S. these days, you’ve got plenty of company. Americans’ spending on residential construction projects -- from the pouring of foundations to home improvement -- just hammered out its strongest three-month period since 1994.

Solid job growth, low borrowing costs and a recovery in home equity since the market crash a decade ago are generating momentum. The outsized advance in outlays also has its roots in more than favorable conditions for building across the U.S. After all, the first four months of 2017 were the second-warmest on record, according to the National Oceanic and Atmospheric Administration.

Read the whole story at Bloomberg

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Tax Reform Could Put Homeownership Out of Reach

More than 70 percent of Americans believe owning a home is an essential part of the American Dream, but with potential tax reforms on the way that could make homeownership less affordable for many, the National Association of Home Builders says there’s still much work to be done. If President Trump’s plan for tax reform moves forward, a large percentage of American homeowners would be unable to deduct mortgage interest from their federal income taxes. Though the plan does not outright eliminate the deduction, it does raise the threshold of who can use it—and once on the books, it will mean only homeowners with hefty home loans will qualify. This, according to the NAHB, could create an affordability problem.

Read the whole story at the M Report

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Mortgage rates slide to nearly seven-month low

Mortgage rates dropped for the fourth week to hit the lowest level in nearly seven months. Mortgage buyer Freddie Mac said the 30-year fixed-rate mortgage averaged 3.89% in the week ending June 8, down from 3.94%. Rates were as high as 4.3% in March.

Read the whole story at MarketWatch

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News Briefs

Orgill Begins Shipping From New Idaho Distribution Center MORE

Report Shows Home Prices Up 6.9% in April MORE

First Tall Wood Building in U.S. Receives Permits MORE

NLBMDA Celebrates National Homeownership Month MORE

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Industry Events

2017
 

July 20-21,  Florida Building Material Suppliers Association (FBMA) Summer EducationConference, Orlando, FL,  www.FBMA.org

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, IL, www.truevalue.com

Oct. 4-6, Florida Building Material Association (FBMA) Convention and Gulf Atlantic Building Products Expo, Orlando, FL, 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

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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.

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