According to the NAHB, the framing lumber composite price increased 0.5% for the week ending on Oct. 4 compared to the previous week. Lumber prices are currently 3.6% lower than they were one year ago. NAHB continually tracks the latest lumber prices and futures prices, and provides an overview of the behaviors within the U.S. framing lumber market. The information is sourced each week using the Random Lengths framing lumber composite price which is comprised using prices from the highest volume-producing regions of the U.S. and Canada. A summary of…
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Alabama Housing Market Showing Positive Trends in 2024
Alabama’s real estate market is showing strong growth, with home sales in July 2024 up 0.9% year-over-year and 13.1% from June, and total sales volume rising to $1.51 billion. The median home price also increased, reflecting a robust housing market that has seen six consecutive months of sales growth. This trend suggests continued strength in Alabama’s economy, supported by the real estate sector’s significant economic impact. Yellow Hammer says, as the summer comes to an end, Alabama’s real estate market is showing promising growth – and that growth doesn’t seem…
Read MoreRemodeling Market Sentiment Improves in Fourth Quarter
According to the National Association of Home Builders (NAHB), NAHB released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter, posting a reading of 67, increasing two points compared to the previous quarter. The NAHB/Westlake Royal RMI survey asks remodelers to rate five components of the remodeling market as “good,” “fair” or “poor.” Each question is measured on a scale from 0 to 100, where an index number above 50 indicates that a higher share view conditions as good than poor. The Current Conditions Index is an average…
Read MoreNLBMDA ELDT Training Certification
What the LBM Industry Needs to Know About Entry-Level Driver Training Thursday, February 8 at 1:00 PM Eastern The National Lumber and Building Material Dealers Association (NLBMDA) has partnered with J. J. Keller & Associates, Inc. to offer members of the association an exclusive discount on certifying trainers in entry-level driver training. During this webinar, you will learn how to get your drivers on the road to success—and keep them at your company longer. Participants will learn everything you need to know about Entry Level Driver Training and have the…
Read MoreHousing Outlook: Inventory May Spike as Fix-And-Flip Wave Hits the Market
Thanks to 24 million homes entering their prime time for renovation, the housing market may see a wave of much needed inventory in the next few years. This presents an opportunity for fix-and-flip investors, according to New Western. According to Business Insider, the real estate brokerage said a shift could be coming in the US housing market next year and could continue through 2027, thanks to a wider market of homes available to real estate investors focused on buying and renovating older homes to put them back on the market. …
Read MoreState Project Imagines New Housing in Five Vermont Communities
State Project Imagines New Housing in Five Vermont Communities The housing crisis has become so pervasive that a lot more people might want to become developers, or consider themselves a potential developer, than before… Read More VT Digger https://vtdigger.org/2023/10/29/state-project-imagines-new-housing-in-5-vermont-communities/
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