Recent earnings reports from public builders like D.R. Horton, Meritage and Tripointe (as examples) make it clear homebuilders are not struggling to make a profit even as labor and building material prices have risen sharply.
The National Labor Relations Board is now controlled by a 3-2 Republican majority, a reversal of the Obama-era NLRB which oversaw a number of far-reaching, pro-union initiatives.
This article makes clear, the perceived “glut” in multifamily construction is likely temporary. Rents continue to increase due to a shortage of supply of both single-family units and apartment units.
It’s clear that U.S. trade relationships are critical to component manufacturers (CMs) as the CM industry relies almost exclusively on two commodities, lumber and steel. Unfortunately, domestic markets for both of these raw materials are heavily influenced by a relatively small number of foreign countries.
Over the first two months of 2018, the total number of single-family permits issued nationwide reached 123,871. On a year-over-year basis, this is an 11.2% increase over the February 2017 level of 111,356.
BlueLinx announced that it has entered into a definitive agreement to acquire Cedar Creek, a leading building products wholesale distributor, a portfolio company of Charlesbank Capital Partners, for a purchase price of $413 million on a debt-free, cash-free basis.
FEA Canada/WOOD MARKETS’ 2017 annual survey of “top 20” Canadian and U.S. lumber producers featured mixed production trends despite a runaway lumber market in the U.S. With few mill acquisitions, almost all of the production gains arose from improvements at existing mills
Mike Karceski, president of Atlas Components, Inc. in Cherry Valley, Illinois, gave an SBCA presentation to building officials and building inspectors in the city of Danville, Illinois.
Recent data says members of Congress have, on average, more than 8,800 residential construction workers in their districts and more than 3.8 million people across the U.S. working in residential construction (RC) in 2016 – accounting for about 2.5 percent of the nation’s workforce.