Economic

Sunconomy, a U.S. construction company, has received permits to build its first 3D printed geopolymer additively manufactured house in Lago Vista, Texas.

The housing market endured a tough slog through most of 2018, but one home builder is adamant that a rebound is in store.

Freddie Mac analysis shows that 370,000 fewer units were built in 2017 than needed to satisfy demand. Overall, the now housing shortfall ranges from a low of 0.9 million to a high of 4.0 million housing units, as of the second quarter of 2018.

Blue Tarp Financial’s Building Supply Index, which measures contractor sentiment, reached an all-time high in the third quarter of 2018.  On the surface, this appears to be good news. 

BMC Stock Holdings, Inc., one of the leading providers of diversified building products, services and innovative solutions in the U.S. residential construction market, today announced its financial results for the third quarter ended September 30, 2018.

Builders FirstSource (BFS), the industry’s largest supplier of building products, saw another significant increase in net sales in the third quarter ending September 30, 2018. 

Every year since 1960, when Congress and President John F. Kennedy designated every third week in October as National Forest Product Week, Americans recognize the economic value and numerous products and recreational benefits that stem from the forests in the U.S.

The top ten most read SBC Industry News Headlines of Q3 2018 are below:

The cost index for ‘goods inputs into construction’ is now racing ahead at its fastest rate since September 2008’s +12.4%. But that elevated rate of +12.4% a decade ago resulted from an artificial boom in homebuilding that was fueled by faulty subprime mortgage lending.

Economist John Burns of John Burns Real Estate Consulting, recently shared his predictions on a rise in household formation between 2016 to 2025 that, according to his analysis, will require 1.25 million housing units to be constructed per year to accommodate it.