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April 16, 2013
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- Housing Starts Surpass 1 Million in March
- Construction Forecast Sees 23% Jump in Residential Construction This Year
- Houzz: Home Remodeling Goes Social as Startup Transforms Industry
- Housing Starts in U.S. Surge on Demand for Multifamily Units
- News Briefs
- Upcoming Events
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FEATURED ARTICLE  |
Housing Starts Surpass 1 Million in March
U.S. builders broke ground in March on homes at a seasonally adjusted rate of 1.04 million, the fastest since June 2008. The gain was driven by a surge in apartment construction and showed continued strength in the housing market at the start of the spring-buying season. The Commerce Department says builders increased their construction pace 7 percent in March from February.
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FEATURED ARTICLE |
Construction Forecast Sees 23% Jump in Residential Construction This Year
FMI, the largest provider of management consulting and investment banking to the engineering and construction industry released today its Q1-2013 Construction Outlook. Although the strength of individual markets is shifting, the forecast for total construction-put-in-place for 2013 continues to show an increase of 8% over 2012 levels. The $918,897 million estimate is a solid improvement, but FMI does not expect to return to the days of annual construction above the trillion-dollar mark until 2015.
The star of the show is residential buildings with a 23% rise in single-family buildings. While much of business sector is still in wait-and-see mode, some industries are breaking the mold and planning for growth. Commercial, lodging and office construction are starting to pick up.
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Houzz: Home Remodeling Goes Social as Startup Transforms Industry
Since the mid-1990s, homeowners in the United States have spent more than $120 billion on various home renovation projects, such as room additions, new kitchens and interior replacements. Is this market thriving again?
The economic collapse in 2007 and 2008 left the housing market in shambles as businesses and homeowners suffered the ramifications of policies by the federal government, financial institutions and the Federal Reserve System. For the past few years, the home remodeling sector of the economy has remained sluggish, but experts see it rebounding even in the tough economy today.
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FEATURED ARTICLE |
Housing Starts in U.S. Surge on Demand for Multifamily Units
New-home construction in the U.S. jumped more than forecast in March as multifamily projects climbed to the highest level in more than seven years.
Starts climbed 7 percent to a 1.04 million annual rate, the most since June 2008, after a revised 968,000 pace in February that was larger than previously reported, Commerce Department figures showed today in Washington. The median estimate of 80 economists surveyed by Bloomberg called for 930,000. Building permits, a proxy for future construction, fell.
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NEWS BRIEFS
WDMA (Window & Door Manufacturers Association) is backing The Coalition for Home Energy Efficiency for the fight against the proposed rule changes to the ENERGY STAR program that may be harmful to consumers. MORE>>
The Builder's Choice has appointed Mark Redman as a contractor sales representative based at Fullerton Companies' Glencoe, Minn. building center and yard. Al Longsdorf has also been newly appointed as contractor sales representative based at Fullerton Companies' Ellsworth, Wis. building center and yard.
LP Building Products announced plans to reopen its Clarke County OSB mill in Thomasville, Ala.
Whit Davis Lumber Plus, Jacksonville, Ark., celebrated its 60th anniversary on Saturday, April 6. "We couldn't have asked for better weather or a better turnout to celebrate our 60th Anniversary. We are very pleased with the response from the citizens of our communities, as well as the sales we recorded during our three day event," said Terry Toney, President of Whit Davis Lumber Plus. "It was definitely a time of family fun, free food and great deals. We're proud to be celebrating 60 years of business and wanted to show these communities our appreciation." Southern Forest Products Association (SFPA) is presenting an educational webinar to help explain the new design values for all sizes and grades of lumber that will become effective June 1, 2013. Cathy Kaake will present this one-hour webinar. MORE>>CPG International Inc., parent company of AZEK Building Products, announced plans to consolidate the Columbus, Ohio, and Toronto, Ontario, manufacturing facilities into its Wilmington, Ohio, facility. |
UPCOMING EVENTS
April 18-20 Lumbermen's Association of Texas & Louisiana (LAT) 127th Annual Convention, San Antonio, www.lat.org, 512.472.1194
April 25-27 Kentucky Building Materials Association (KBMA) Annual Convention, Louisville, Ky., www.kbma.net, 502.245.6730
May 2 IDEAS Lumber and Building Material Trade Show, Somerset, N.J., www.lbmideas.org
May 18-20 Do it Best Corp. May Market, Indianapolis, Ind., www.doitbestcorp.com, 888-DOITBEST June 5-6 PCBC 2013, San Diego, Calif., www.pcbc.com
October 17-19 West Coast Lumber & Building Material Association (WCLBMA) Annual Convention, San Diego, Calif., www.lumberassociation.org, 800.266.4344
Got news? Send it to Rick@LBMJournal.com |
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