Real gross domestic product increased at an annual rate of 3.5% in the third quarter of 2016, according to the “third” estimate released by the Bureau of Economic Analysis Thursday. In the second quarter, real GDP increased 1.4%.
Read more at BUILDER
In November, national home values rose at their fastest annual pace since 2006, near the peak of the housing bubble. The Zillow® Home Value Indexi (ZHVI) is $192,500, 2% shy of the records set in 2007, according to the November Zillow Real Estate Market Reports.
Read more at BUILDER
NAHB’s analysis of November regional employment data from the Bureau of Labor Statistics (BLS) shows that states with the highest annual growth rates of total construction employment are Nevada (11.72%), Iowa (10.21%), and Washington (9.41%). The total number of workers in construction reached 6.7 million nationwide, up by 2.72% annually. At the same time, the largest annual construction jobs gains took place in California (35,100), Florida (23,200), and Colorado (12,800).
Read more at Eye On Housing
This year is almost over, and housing industry experts are all making their predictions for 2017. Although not everyone agrees on what next year will look like after President-elect Donald Trump is inaugurated and in the midst of a rapid rise in interest rates, most economists have a positive outlook for next year.
Read more at HOUSINGWIRE
Builder confidence in the market for newly-built single-family homes jumped seven points to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since July 2005.
Read more at NAHB Eye On Housing
Fresh Census Bureau data for 2014 indicates on first glance that pro LBM dealers are more common and less concentrated than other suppliers of building materials, but a second look suggests that a big share of LBM operations barely exist–if they exist at all.
Read more at PROSALES
As baby boomers age, so will the increased demand for housing units with universal design, according to a new report from Harvard’s Joint Center for Housing Studies.
Read more at REMODELING
Housing experts continue to give their forecasts concerning 2017, and what the year ahead will bring to the housing market, however one unknown factor continues to hang just over the horizon, out of site.
Read more at HOUSINGWIRE
Housing starts posted a notable drop in November after a strong October pace. Total starts were down 18.7%, falling to a 1.09 million seasonally adjusted annual rate after a 1.34 million rate in October. However, the decline was concentrated in the volatile multifamily sector. The single-family sector continues to show anon improving trend, consistent with rising home builder confidence..
Read more at NAHB Eye On Housing
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.
