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Wednesday, June 28, 2017
 
EXHIBITORS – SILVER PLAN EXPIRES JUNE 30TH
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RON TAYLOR AWARD NOMINATION
DEADLINE JUNE 30, 2017
WMA ANNUAL CONVENTION HIGHLIGHT
Taking the Economic PULSE
Sunday, October 8, 2017
10:15 AM – 11:45 AM
David Katsnelson has over a decade of economic consulting experience. His consulting and presenting abilities influence both public and private sectors and span across a multitude of industries. His economic insight and forecasting experience play a key role in ITR Economics’ 94.7% accuracy rating. His experience has helped him advise business executives and government leaders in understanding complex economic trends and providing actionable insight.
David’s presentation will update attendees on the domestic and global economics, trends, manufacturing and distribution industry, the housing market and forecasting.
MEMBER ANNOUNCEMENTS
Congressman Visits Superior Aluminum Products
House of Representatives member Jim Jordan of Ohio paid a visit to Superior Aluminum Products. While on location, Congressman Jordan and his staff toured the facility, learning how aluminum railing and columns are made. He then met with the management team and other local business leaders to discuss current challenges in relation to staffing, taxes, healthcare costs, and government regulations. Read the Full Story at Sidney Daily News
MILLWORK SAFETY
US Labor Department’s OSHA Proposes to Delay Compliance Date for Electronically Submitting Injury, Illness Reports
The U.S. Department of Labor’s Occupational Safety and Health Administration proposed a delay in the electronic reporting compliance date of the rule, Improve Tracking of Workplace Injuries and Illnesses, from July 1, 2017 to Dec. 1, 2017. The proposed delay will allow OSHA an opportunity to further review and consider the rule. Read more at US. Department of Labor
HOUSING INDUSTRY
May Gains for New Home Sales
Contracts for new home sales expanded by 2.9% in May to a 610,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau. The report also noted a strong upward revision for the April rate of sales, increasing from a 569,000 annual pace to 593,000. The growth in sales continues along a positive trend for the market, which is supported by solid job growth, improving household formations, continuing favorable housing affordability conditions and tight existing home inventory. Read more at NAHB Eye On Housing
Lenders Expect to Loosen Credit as Mortgage Demand Weakens
In the second quarter of 2017, lenders saw increased competition and decreased purchase demand in the housing market. However, lenders also said they have eased credit standards recently and expect further easing in the coming months, giving a slightly more optimistic outlook on the upcoming quarter. Read more at HOUSINGWIRE
Economists Draw Mixed Conclusions Over May New Home Sales Report
In April, home prices dropped, followed by an increase in home prices in May, according to a joint release from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Read more at HOUSINGWIRE
The Aging Baby Boom is Not Exclusively a ‘Smile States’ Phenomenon
What do these numbers tell us? Well, for home building and development, it may help to see data sets that indicate clearly that opportunity in the 55+ category is not limited to America’s “Smile State” geographies, and this is likely to be ever more the case as Baby Boom generation folks reach retirement and choose to stay in closer proximity to children and grand children. Read more at BUILDER
Priced-Out of New Homes
Will new entry-level communities rebalance the mix of new-home costs, and rekindle the dream of homeownership? Read more at BUILDER
Net-Zero-Energy Homes Saw Strong Growth in 2016
Net-zero-energy homes, which rely on high-performance windows to reach efficiency goals, are currently a small, specialized niche in the overall North American housing market. However, it’s one that’s starting to show solid growth, according to a new report from the Net-Zero Energy Coalition. Read more at DWM
BUSINESS & ECONOMICS
Are We Entering an Age of Lumber Price Hikes?
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
Duties on Lumber Now Enough to Threaten Thousands of U.S. Jobs
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
GOVERNMENT
Rick Perry Faces Tough Questions Over DOE Cuts
Energy Secretary Rick Perry was grilled in three congressional committee hearings this week about proposed cuts to the Department of Energy for 2018. Read more at DWM
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UPCOMING WEBINARS
Evaluating the Centralization of Vacuum Systems
Presented by
Blower & Vacuum Best Practices
Thursday, June 29, 2017
2:00 PM EST
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