MEMBER NEWS
Meet the 2019 Wood Industry 40 Under 40
Congratulations to World Millwork Alliance members Michael Thornberry of Powell Valley Millwork and Greg Dilone of MJB Wood Group, Inc. for being recognized in Wood Industry’s 2019 list of 40 under 40. Read more at Woodworking Network
INDUSTRY AND ECONOMIC NEWS
Survey: Nearly Half of Homeowners Plan to Renovate
Nearly half of homeowners (48%) plan to renovate their homes in the next two years, and a third of those homeowners expect to spend more than $50,000 on their renovations, according to recent research from TD Bank. Read more at Builder
Inflation Remains in Check in June
But housing-related costs are on the upswing.
The Consumer Price Index increased 0.1% in June on a seasonally adjusted basis, the same increase as in May, the U.S. Bureau of Labor Statistics reported. Read more at Builder
The Age of Global Supply Chains Is In Trouble
Trade relations are fraying and so are the worldwide networks that made so many goods cheaper to produce. Read more at Bloomberg
Fed’s Powell Bolsters Rate Cut View on Trade, Global Growth Concerns
Federal Reserve Chairman Jerome Powell on Wednesday set the stage for the first U.S. interest rate cut in a decade later this month, pledging to ‘act as appropriate’ to defend an economic expansion threatened by trade disputes and a global slowdown. Read more at Reuters.
Leadership in the New Distribution Future
“If firms ignore the profit opportunities in the existing business, they are severely limiting their ability to take part in the new distribution future.” No one can hit you over the head with common sense in such a nice way as distribution profitability expert Dr. Al Bates. Read more at MDM
GOVERNMENT AND LEGISLATIVE NEWS
Affordable Housing and GSE Reform: Can Congress Get Anything Done?
Over the past several years, Congress has tried to enact legislation to reform the federal housing finance system but has not been successful. In addition, legislation to encourage investment into low-income housing was recently introduced in Congress. Despite longstanding gridlock in both chambers, housing policy remains an important issue that may have some potential for action. Read more at LBM Journal
CODES AND STANDARDS NEWS
Ohio Board of Building Standards Presents 2019 RCO and Energy Training
The Board of Building Standards adopted an update to the Residential Code of Ohio (RCO) based on the 2018 International Residential Code with Ohio changes effective July 1 including adoption of the 2018 International Energy Conservation Code (IECC) for 1-, 2-, and 3-Family Dwellings. The board has again partnered with the International Code Council (ICC) and SEOBD to present additional local in-person training on the new residential and energy codes. Read more at The Marietta Times
TECHNOLOGY NEWS
4 Ways to Tackle Cybersecurity at the Industrial Edge
The benefits of edge computing are not a secret anymore. Many companies across a variety of industries have realized the benefits of implementing edge solutions for faster processing and enhanced data analysis. Given the remote access points of these devices – literally at the edge of the network – these companies are facing new security vulnerabilities that they have not experienced before. Read more at Automation.com
SAFETY NEWS
OSHA Issues Standards Improvement Final Rule
A catch-all rule making changes in several regulations was issued by the Occupational Safety and Health Administration (OSHA) as part of its ongoing Standards Improvement Project (SIP). Going into effect July 15, the updated regulations generally simplify employer efforts both in complying with the agency’s requirements along with determining how to achieve that compliance. Read more at EHS Today
ARTICLES OF INTEREST
“Only The Paranoid Survive” 2.0
Andy Grove was a founder of Intel, and its CEO from ’87 to ’98. He wrote an acclaimed book on what he had learned: “Only the Paranoid Survive,” published in ’99. His summary quote: “Success breeds complacency. Complacency breeds failure. Only the paranoid survive.” Read more at Merrifield Act II
How to Stop Wasting People’s Courage
Eliminate courage sinkholes to energize your team. Read more at Let’s Grow Leaders
Real Issues. Real Answers. Expand or Not?
In business, every time we make a decision, we take a risk. One of the biggest decisions a business owner can make is whether or not to add locations. Read more at LBM Journal
PODCASTS & WEBINARS
Building Forward Podcast: Michael Dickens
The co-founder of IBACOS chats about innovations in comfort and the thermal enclosure, setting performance standards, and the evolving training needs of the construction workforce. Listen to Building Forward
Free Webinar: 2021 IECC Update
What may be coming to the 2021 IECC next year. Register at Green Builder
