The U.S. Green Building Council (USGBC) announced last week nearly 100 net zero certifications earned under the LEED Zero program, representing more than 23 million square feet of space. One-fourth of LEED zero projects earned multiple certifications, demonstrating achievement of net zero goals in several categories.
Existing-home sales declined for the fourth straight month. Sales were down 3.4% from April and 8.6% from a year ago. At $407,600, the median existing-home sales price exceeded $400,000 for the first time and represents a 14.8% increase from a year ago.
Read NAR Press Release
Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000, which is 14.4% below the revised April estimate of 1,810,000 and 3.5% below the May 2021 rate of 1,605,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
Read Builder
Last week Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.09%, down slightly from last week when it averaged 5.10%. A year ago this time the average 30-year FRM was 2.99%.
Read LBM Journal
According to Dave Yoho, president of Dave Yoho Associates, we are in the toughest time he’s ever seen in our industry. That may seem surprising, given that home improvement sales continue to soar. But supply chain and hiring challenges, coupled with economic factors such as rising inflation, make the home improvement business more complex than ever before.
Read DWM
| Year-over-year gains in August fall below 6% for the first time in a year.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.8% annual gain in August, down from 6.0% in the previous month. The 10-City Composite annual increase came in at 5.1%, down from 5.5% in the previous month. The 20-City Composite posted a 5.5% year-over-year gain, down from 5.9% in the previous month. |
| Mobility decline means new homes require ‘future-proof’ systems and structure to appeal, BUILDER’s editorial director says. |
Total housing starts fell 12.3% in June to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from HUD and the Commerce Department. The June reading is the number of housing units builders would begin if they kept this pace for the next 12 months.
Read More at NAHB Now > http://nahbnow.com/2018/07/housing-starts-fall-12-3-as-tariffs-draw-increased-concern/
After increasing and leveling off in recent years, new single-family home size continued to decline during the final quarter of 2017.
On track for the strongest year since the housing crisis.
World Millwork Alliance (WMA) 54 TH Annual Convention & Tradeshow will hold its’ premier event at the Memphis Cook Convention Center from September 11-15, 2018. WMA will offer Veterans and Students complimentary access to the exhibit hall during Millwork Career Day on Friday, September 14, 2018 during the show hours of 10:00 a.m. – 3:30 p.m.
WMA welcomes Veterans and Students to explore a career in the millwork industry. Learn from worldwide millwork professionals while viewing the finest millwork products. Meet with industry distributors and manufacturers about the opportunities in a millwork career.
Pre-registration for a name badge is available by completing a WMA Registration Form. Any local Student or Veteran who has pre-registered will pick up their complimentary “Expo – One Day Pass” with a valid student ID or Veteran ID at the WMA registration desk in the Memphis Cook Convention Center.
Veterans must show a Veteran’s Administration (VA) identification card to receive an “Expo-One Day Pass” and to gain entrance into the exhibit hall on Friday, September 14, 2018.
Students must show a valid Student photo I.D. card to receive an “Expo-One Day Pass” and to gain entrance into the exhibit hall on Friday, September 14, 2018.
Pre-registration is open until August 13, 2018; thereafter, registration is onsite at the WMA registration desk in the Memphis Cook Convention Center.
