At the heart of SBCA’s mission is ensuring members stay abreast of issues in the marketplace and the Association protects and advances the interests of its members. This is often done through advocacy efforts before the International Code Council (ICC).
Over the first quarter of 2018, the total number of single-family permits issued nationwide reached 199,861. On a year-over-year basis, this is a 6.0% increase. Year-to-date, ending in March 2018, the total number of multifamily permits issued nationwide reached 105,562. This is 8.5% ahead of its level over the third month of 2017.
Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in May after a downwardly revised April reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
US LBM released is Q1 financial results and a key report was that as a percentage of overall sales, engineered component sales decreased from 9.8% in 2017 to 8.6% in Q1 2018. This decline comes despite significant lumber cost increases in Q1.
U.S. LUMBER GROUP, LLC and Midwest Lumber announced today that they have signed an agreement under which U.S. LUMBER will acquire Midwest Lumber.
Central Valley, a building supply company, announced Friday that it has opened a new 35,303-square-foot manufacturing facility in Yolo County to house the firm’s new prefabricated wall division. Central Valley’s new facility will manufacture walls for the construction industry.
Component Manufacturers with multi-family housing jobs can rest easier knowing that while the number of projects declined last month, the need for apartment buildings is not going away.