It’s common for framing lumber prices to shoot up this time of year, then start dropping around May. But, a variety of factors make it likely that we’re entering a multi-year era in which the cost of wood will keep rising for quite a while, experts predict.
Read more at PROSALES
In a previous post, NAHB analyzed the effect of the 19.88% countervailing duty (CVD) levied by the Department of Commerce on Canadian softwood lumber exported to the United States. The NAHB analysis showed that, had that duty been in effect throughout 2017, the effects would include a net loss of 8,241 full-time U.S. jobs.
Read more at NAHB Eye On Housing
As predicted, the Federal Open Market Committee announced after its June meeting that it is raising the federal funds rate for the second time this year.
Read more at HOUSINGWIRE
Door and window market share will grow noticeably over the coming seven years, according to a new report by Global Market Insights Inc. The U.S. window and door industry, which the research company valued at $13.5 billion in 2015, will exhibit an annual growth rate of 6 percent from 2016 to 2024.
Read More at Window & Door >