The three-month streak of losses in the construction sector ends, but overall jobs added disappoints.
The U.S. economy added 154,000 private, non-farm jobs in September, according to the monthly employment report released Wednesday by payroll-management firm ADP and its partner Moody’s Analytics.
Read more at BUILDER
Mortgage applications are stuck in limbo as inventory stifles any housing demand in the market since Americans don’t see the point in applying for a mortgage until conditions improve.
Read more at HOUSINGWIRE
Is the labor shortage and the loss of workers from across the borders one and the same issue?
Some people talk about home building’s labor shortages–likely to be a chronic and ever-more menacing source of risk to both construction schedules and budgets for the foreseeable future–as though it’s all about training “our” high school and college kids into the trades.
Read more at BUILDER
Predictions from the National Association of Realtors, the Mortgage Bankers Association, Fannie Mae and Freddie Mac show that home sales are going to heat up in 2017, according to a blog by NAR.
NAR predicted existing home sales will reach 6 million in 2017, an increase from this year’s forecast of 5.8 million, according to the blog. But this is on the low-end of the predictions. MBA predicted home sales will reach 6.5 million and Fannie and Freddie forecast home sales will come in at 6.2 million.
Read more at HOUSINGWIRE
The summer housing market saw high demand next to rising home prices, but don’t expect Fall to bring any relief. In fact, it could bring the hottest fall in a decade, new data from realtor.com shows.
Read more at HOUSINGWIRE
The retail giant will have to pay a $400,000 civil penalty and implement a company-wide program after the EPA found it had violated the Lead Renovation, Repair, and Painting (RRP) rule.
Read more at REMODELING
The data says what it says, but that doesn’t mean everybody sees what it means in the same way.
Read more at BUILDER
According to estimates from Census Construction Spending data, total private residential construction spending edged down 0.3% in August to a seasonally adjusted annual rate of $449.2 billion. The record-breaking gains registered by multifamily construction were not enough to offset the declines in both single-family and home improvement spending.
Read more at NAHB Eye On Housing
Pursuant to recent concerns expressed by NFRC certification program participants, NFRC’s Certification Policy Committee (CPC) is seeking input on IA requirements for plant inspections. The comment period will be open through October 31, 2016. For more information and link to the survey questions where feedback is sought, read more in the NFRC Bulletin dated September 30, 2016 >
Last night, the House of Representatives passed the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act (H.R. 6094), which would delay implementation of the Department of Labor’s (DOL) new Overtime Rule for six months. However, the Obama administration issued a statement on Tuesday threatening to veto the bill, and unless compromise legislation can be enacted after Congress returns from its election break in November, the overtime rule will take effect in its current form on December 1.
Read more at DWM
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.
