Industry News

The return to a “normal” housing market, where supply and demand are in balance and prices are rising 2 percent to 3 percent a year, is still, unfortunately, years away.

Most of this week’s economic reports that dealt with the consumer continued to flash warning signals.

Mark Vitner, a senior economist with Wells Fargo Securities, is firmly in the camp of economists who can’t envision a turnaround in America’s economy without a sustained rebound within its housing industry.

KB Home reported revenues of $367.3 million for its third fiscal quarter, down 27% from $50 million in the third quarter of 2010.

Crow's Construction Materials Cost Index is a price index of lumber and panels used in actual construction for Sept. 23, 2011

Universal Forest Products has named David Tutas as general counsel of the corporation. He succeeds Matthew Missad, who was appointed CEO earlier this year.

The Washington Department of Labor & Industries (L&) is investigating two separate deaths within 2 weeks involving workers electrocuted by high voltage power lines.

Safety and health stakeholders now have until Oct. 28 to offer their comments on OSHA’s proposed revisions to its occupational injury and illness reporting requirements.

On a price-to-rent basis, the Composite 20 index is back to September 2000 levels, and the CoreLogic index is back to July 2000.