Industry News
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Liberty Cedar
Leading top quality specialty wood products, tropical lumbers & domestic hardwoods, custom milling and flooring, trim packages, timbers and other materials serving Rhode Island, Massachusetts, Connecticut, and Long Island with excellent customer service. Delivery to other areas via common carrier.
Shop online at Libertycedar.com
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3Q Multifamily Developer Sentiment Was Mixed
Confidence in the market for new multifamily homes was mixed year on year in the third quarter of 2024, according to the National Association of Home Builders’ (NAHB) Multifamily...
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Mortgage Rates Reversed October Downtrend
Mortgage rates reversed their recent downward trend in October, returning to two-month-ago levels. According to Freddie Mac, the average 30-year fixed-rate mortgage rate climbed by 25 basis points (bps)...
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ABC: Nearly Half of State Construction Unemployment Rates Dip Since Last Year
The national not seasonally adjusted construction unemployment rate in September 2024 was 3.7%, down 0.1% from the previous year, according to a state-by-state analysis of U.S. Bureau of Labor...
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Carter Lumber Adds Townsend Building Supply for Florida and Alabama Expansion
Carter Lumber, one of the nation’s largest suppliers of building materials, has announced the acquisition of Townsend construction Supply, a building materials dealer with six locations in Southern Alabama...
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Beacon collaborates with GAF to add ecommerce feature
Beacon, a top publicly-traded wholesale distributor, announced a partnership with GAF to enable its customers to order GAF QuickMeasure reports from Beacon PRO+, an industry-leading digital platform. The company...
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Single-Family Starts Rise in September
In September, single-family starts experienced a modest increase as a result of the Federal Reserve’s easing of monetary policy and an improvement in builder sentiment. Conversely, multifamily construction continued...
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Residential Construction Loan Declines
The volume of total outstanding acquisition, development, and construction (AD&C) loans experienced the most significant year-over-year percentage decline since 2012 during the second quarter of 2024. This decline was...
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Zillow: Builders turn to condos and townhomes amid affordability crisis
America’s housing stock is growing faster than it was prior to the pandemic-induced housing craze, as builders scramble to fill a 4.5 million-home shortage. According to Zillow’s most recent...
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Lumbermen’s expanding door division to Minnesota
For the upcoming year, Lumbermen’s Inc. is thrilled to announce the addition of Door Manufacturing and Distribution to their operations in Minnesota. At their Byron Center, MI location, Lumbermen’s...
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Higher single-family permits in August 2024
The total number of single-family permits issued year-to-date (YTD) nationwide reached 685,923 during the first eight months of 2024. This represents an 11.5% increase from the level of 615,453...
