Third-quarter GDP rose 2.5 percent, supported primarily by gains in consumer spending and business investment. State and local spending cuts continued to detract from economic growth.
Sales of newly built, single-family homes rose 5.7 percent to a seasonally adjusted annual rate of 313,000 units in September. This marks the fastest pace of new-home sales in the past five months.
The current state of the national economy continues to affect the remodeling industry, according to the latest National Association of Home Builders' (NAHB) Remodeling Market Index (RMI).
The National Lumber and Building Material Dealers Association (NLBMDA) today announced its new leadership team installed on October 26 at the ProDealer Industry Summit in San Antonio, Texas.
On October 14, 2011, the Coalition submitted comments to the United States Trade Representative in response to USTR's request for input on possibly extending the U.S.-Canada Softwood Lumber Agreement.
SLMA's take on the American Lumber Standard Committee (ALSC) Board of Review hearing held on October 20, 2011, and their 60-delay for Southern Yellow Pine lumber design values.
So far this year in Willston, ND, 2,000 new homes have sprouted up. In 2012, the expectation is for 4,000 more along with apartments, hotels and, outside of town, dormitory-style housing facilities known as 'man camps'.