Industry News
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In August, housing starts fell 5.0 percent to a 571,000-unit pace, however, building permits rose 3.2 percent and are up 7.8 percent on a year-ago basis.
Sales of existing homes increased 7.7 percent in August to an annualized rate of 5.03 million units.
Will a reallocation of the Fed’s holdings of Treasuries and more purchases of MBS spur recovery?
US steel producers have raised mill prices of rebar in 20-foot lengths by $10/st and are looking for another $20 increase for larger sizes with shipments beginning October 1.
ICC President Jimmy Brotherss spoke on changes that he had seen over the years within the ICC as a member of its board and how he thought the organization would change to meet future demands.
Parallam parallel strand lumber (PSL) came on the scene at the Expo 86 in Vancouver, British Columbia, and quickly left a mark on the building industry.
On the heels of a period of weakness in design activity, the Architecture Billings Index (ABI) took a sudden upturn in August.
Windsor wood products manufacturer Standard Structures said it will lay off 91 workers next month, following the sale of part of its business to an Idaho company.
After a couple of weeks of solid, steady demand, the sales pace in the SPF lumber market subsided.
Pleasanton, Calif.-based Simpson Manufacturing has appointed Tom Fitzmyers as its new chairman.
Moody's Economist, Zandi, says, "The economy is struggling to avoid a double-dip recession," and he put the odds of the economy failing in that struggle at about 40% to 45%.
The improving construction debt market offers yet another indication of just how quickly the lending industry has moved from fear to exuberance.
Multifamily finance professionals are growing increasingly optimistic, budgeting for continued growth in 2012 as the industry plots its course through the early stages of a strong recovery.
Highlights from SBCA's Annual Meeting, results of the inaugural BCMC Tri-Tacular, and an update from the show floor.
Day One of BCMC 2011 is in the books. Get a recap of the kick-off, sessions and fierce competition at the BCMC Tri-tacular.
