Year 2016 Archives - Page 3 of 46 - World Millwork Alliance

Builders and Uncertainty

Certainty is a firm conviction something is the case. To speak to certainty’s qualities, we use terms like sureness, confidence, and the absence of doubt. For housing and its disproportionately important subsystem of home builders—especially since the Great Recession—not much is, or has been, or ever will be a sure thing, nor do its more experienced denizens put a heck of a lot of stock in expectations that things will go reliably one way or another.

Ben Carson selection as next HUD leader divides housing industry

Just hours after Ben Carson, retired neurosurgeon and GOP presidential candidate, accepted President-elect Donald Trump’s nomination as the secretary of the U.S. Department of Housing and Urban Development, the housing industry is already reacting to the news.

NAHB Releases New Home Building Employment Estimates by State and Congressional District

The new NAHB study presents the most recent and comprehensive estimates of home building employment, including self-employed workers, by state and congressional district. NAHB Economics estimates that out of 9.6 million people working in construction in 2015, close to 3.8 million people worked in residential construction, accounting for 2.5% of the US employed civilian labor force.

Top 25 Metros for 55-Plus Home Buyers

A sneak peek at the top 10 of the best metros for building new homes for 55-plus reveals that five are in Florida, making it the most popular state for this demographic

Here’s the real impact of the post-Trump interest rate spike

While still low by historic standards, interest rates are still roughly 50-basis points higher now than they were before Donald Trump won the election, and a new report from Black Knight Financial Services shows the real impact of that increase on borrowers and potential borrowers.

A Matter of Material Interest

Rates move neck-and-neck with labor capacity constraint as risk factors for builders in 2017.

New certification now available: LEED for Cities and LEED for Communities

One theme that is common across all of humanity is the pursuit of a better life — the innate desire to improve, create and cultivate. At USGBC, we have a vision that buildings and communities will regenerate and sustain the health and vitality of all life within a generation. In support of this, USGBC released two new pilot certification programs today: LEED for Cities and LEED for Communities.

How does it work?

These offerings, built into the newly released Arc platform, will support continuous progress toward better communities and cities, and a higher quality of life. LEED for Cities and LEED for Communities do this by asking a community or a city to set goals, and implement strategies and plans to maintain and support these goals. The city or community then shares performance data to measure and track progress toward those goals.

Labor Department Appeals Injunction Against Overtime Rule

Craig Webb, editor-in-chief of ProSales Magazine reports that the U. S. Labor Department (DOL) last Friday announced that it is appealing the preliminary injunction that stopped the Obama Administration’s Overtime Rule from taking effect on December 1st. In a press statement, the Labor Department said, “On Dec. 1, the Department of Justice on behalf of the Department of Labor filed a notice to appeal the preliminary injunction to the U.S. Circuit Court of Appeals for the Fifth Circuit…..The Department strongly disagrees with the decision by the court. The Department’s Overtime Final Rule is the result of a comprehensive, inclusive rule-making process, and we remain confident in the legality of all aspects of the rule.”

As background, on November 22nd, U.S. District Judge Amos Mazzant filed an injunction blocking the DOL from implementing and enforcing the Overtime Rule. The rule raises by almost double the annual pay threshold to $47,476 whereby a worker is exempted from time-and-a-half overtime pay after working 40 hours in a week. The rule stipulates that this pay threshold would rise automatically in the future based on inflation.

Multifamily Construction Spending Continues Strong Growth

NAHB analysis of Census Construction Spending data shows that total private residential construction spending grew 1.6% in October to a seasonally adjusted annual rate of $472.9 billion.

Multifamily construction spending continued its record breaking pace and reached $63.7 billion, up by 2.8% over the revised September estimates. It was 11.4% higher since October 2015. Single-family construction spending also increased by 2.8% monthly, which is the first monthly gain ever since February 2016. However, single-family spending still slipped down by 1.6% over a year ago. Home improvements slightly dipped 0.6% over the upwardly revised September estimates. On a year-over-year basis, spending on home improvements increased by 13.0%.

Report: Wood Moulding, Trim to See Solid Growth

Wood molding and trim demand is expected to grow 5.7 percent annually to $5.8 billion in 2020 due to sustained gains in new housing construction, according to a new study from The Freedonia Group, a Cleveland-based industry research firm.

Builders and Uncertainty

Ben Carson selection as next HUD leader divides housing industry

NAHB Releases New Home Building Employment Estimates by State and Congressional District

Top 25 Metros for 55-Plus Home Buyers

Here’s the real impact of the post-Trump interest rate spike

A Matter of Material Interest

New certification now available: LEED for Cities and LEED for Communities

Labor Department Appeals Injunction Against Overtime Rule

Multifamily Construction Spending Continues Strong Growth

Report: Wood Moulding, Trim to See Solid Growth

This Is A Custom Widget

This Is A Custom Widget

WMA MILLWORK CAREER DAY

WMA 54 th ANNUAL CONVENTION & TRADESHOW
MEMPHIS, TN

FRIDAY, SEPTEMBER 14, 2018 • 10:00 AM – 3:30 PM
MEMPHIS COOK CONVENTION CENTER

VETERANS AND STUDENTS WELCOME!