Two years after enduring the devastating financial impacts of COVID-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. However, as the National Association of Realtors chief economist Lawrence Yun explains, there are significant questions regarding the sector’s direction over the coming months.
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New technologies, fresh software and hardware offerings, and revolutionary approaches to complete automation platforms are creating opportunities to build innovative machines and production lines that will have a transformative effect on a broad range of industries.
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Construction input prices rose 2.9% in March, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data release Friday.
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“The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” said Lawrence Yun, NAR’s chief economist. “As consumers become more accustomed to social distancing protocols, and with the economy slowly and safely reopening, listings and buying activity will resume, especially given the record low mortgage rates.”
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One recent poll suggests there might be a potential market for tiny homes (< than 600 square feet). More than half of adults surveyed (53%) said ‘yes’ or ‘maybe’ when asked if they would ever consider the possibility of buying such a small home.
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Amazon and housing: not a question of if, but when.
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Solid prospects for the 12 months ahead set up as the moment to seize opportunity to make changes that will prepare your team for tougher times in the future.
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If builders can keep shifting the price mix lower, pace can continue to accelerate in 2018.
North America is poised to post the fastest gains in new housing construction of any global region through 2021, according to the new study from the Freedonia Group, a Cleveland-based industry research firm.
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.
