MEMBER ANNOUNCEMENT
Registration for 2016 UID Now Open
Register today for
2016 University of Innovative Distribution
March 6-9, 2016. Indianapolis, Indiana
JW Marriott Indianapolis Hotel
Download the 2016 brochure for full course details.
Register Early Before Program Courses Sell Out!
WMA members receive a $1,000 savings on the registration fee
with WMA being a sponsoring association!
The registration fee will increase by $200 on January 6, 2016.
For More Information
Click Here to be Directed to the WMA Website
WMA Year End Reminders
- Submit your WMA Membership Dues by January 1, 2016.
- Update your WMA Membership Portal
- Save the Date- WMA Annual Convention & Trade Show, October 9th-13th 2016 in Phoenix, AZ
- Submit your Company News to Mail@worldmillworkalliance.com
- Submit your New Products to Mail@worldmillworkalliance.com
- Gain more exposure for your company in 2016. Contact WMA about new sponsorship opportunities for 2016.
CODES AND STANDARDS NEWS
House Approves Energy Bill
That Addresses DOE’s Role in Energy Code Development
NAHB reports in NAHBNow that the House has “approved NAHB-supported legislation that would reform the role of the Department of Energy (DOE) in the development of energy codes and encourage meaningful savings for residential construction that are achievable and cost-effective.” The North American Energy Security and Infrastructure Act of 2015 (H.R. 8) would specifically require that a) any DOE-supported code or code-change proposal to have a minimum 10 year payback period, b) all DOE code-change proposals be made available to the public, c) DOE not advocate on behalf of certain products or technologies, and d) a state’s right to adopt any code, standard or version deemed appropriate be protected.
Read more at NAHBNow
INDUSTRY NEWS
BUILDER Predicts 2016
Large or small, coastal or heartland, custom or high-volume, here’s our outlook on the inflection points we see impacting home builders the most in the 12 months ahead.
Read more at BUILDER
Construction Sector Share of Gross State Product
Nationally, housing accounted for 15.31% of the real GDP in the second quarter of 2015, with home building and remodeling (residential fixed investment) contributing to 3.21 percentage points of that total. It is also worthwhile to know the importance of the construction sector to local economies.
The Bureau of Economic Analysis provides the geographic distribution of economic output due to construction sector, which includes both residential and nonresidential construction. Based on the most recent 2014 BEA data and NAHB estimates, construction made up 3.77% of economic output in 2014 as the housing market gradually recovers from the Great Recession, coupled with a steady increase in construction spending.
Read more at NAHB Eye on Housing
Most Homebuilders are Small Businesses
Based on the recently released 2012 Economic Census data, new NAHB research shows that residential construction remains the industry of independent entrepreneurs with 81 percent of homebuilders and specialty trade contractors being self-employed independent contractors. Even among establishments with paid employees, the industry is dominated by small businesses, with two-thirds of homebuilders and three out of four specialty trade contractors generating less than 1 million dollars in total business receipts.
Read more at NAHB Eye On Housing
The Employment Situation- November 2015
Total nonfarm payroll employment increased by 211,000 in November, and the unemployment rate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in construction, professional and technical services, and health care. Mining and information lost jobs.
Read more at the Bureau of Labor Statistics
WMA WEBSITE TIP OF THE WEEK
Stay Current on Today’s News
WMA members can stay current on the latest news by logging in to the Membership Portal. Some WMA articles are only available to view as a valued member. Visit our Members Only News & Press section to get exclusive access to the top stories.
Login to the Membership Portal of the WMA website, navigate to the “Members Only” menu and select “Members Only News & Press”.
For login information to the Membership Portal or assistance setting up your profile, contact Caterina Byrd at 727.372.3665 or email: cbyrd@worldmillworkalliance.com
