Industry News
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Builder Confidence Falls as Market Expects Rate Cuts
A lack of affordability, as well as buyer reluctance due to high interest rates and housing prices, contributed to a drop in builder sentiment in August. According to the...
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NAHB: Building Material Price Growth Tracking Close to 2023
Residential construction inputs, excluding food and energy, fell 0.04% in July, according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics...
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First time in years: Luxury property values are rising faster than average residences
Luxury home value increase, which has persistently lagged that of the market’s middle tier in recent years, has now outperformed gains on average homes for five straight months, according...
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Construction Job Openings Slowdown
According to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS), the number of open construction sector jobs decreased in June as home development slowed and...
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Westlake Royal Building Products Expands Boise Cascade Partnership
Westlake Royal Building Products, a Westlake subsidiary, has expanded its cooperation with Boise Cascade, a leading manufacturer and distributor of building materials across North America. Boise Cascade will distribute...
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Sawmill Production Drops During the First Quarter
The sawmill and wood preservation sectors’ production index declined to 91.9 in the first quarter of 2024 (the indicator measured real output in 2017 at 100). According to the...
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Kodiak Building Partners Expands in Pacific Northwest, Adds Thomas Building Center
Kodiak Building Partners, a premier building materials distribution company, has announced the acquisition of Thomas Building Center, which strengthens both companies’ commitment to increasing their local market leadership in...
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Bagwell Lumber breaks ground for new expansion project
Bagwell Lumber has broken ground on its new storage facility at North Central Avenue in Avon Park. It is projected to be completed within six to eight months, with...
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Parksite To Bring Innovative IG Railing to Ohio and Florida Homes
Parksite Inc. will now offer IG Railing, a brand of frameless glass railing, in its Ohio and Florida regions. IG Railing is constructed on a base mount known as...
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Single-Family Slips, Multifamily Surges in June
Increased interest rates on home mortgages and construction and development loans slowed single-family production and demand in June. Housing starts jumped 3.0% in June to a seasonally adjusted annual...
