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Building Materials

A Look at Lumber Prices From the Supply Side

An LBM insider tells the story of what factors led to record-breaking lumber prices during a global pandemic

Economics

Consumers Are More Positive About Overall Economy

Consumers are feeling more positive about the job market and economy, resulting in confidence levels reaching a one-year high.

Economics

Home Prices See Largest Gain in 15 Years, Some Blame the Federal Reserve

Home prices are continuing on an upward trend, reaching an 11.2% year-over-year gain in January, the highest annual gain in almost 15 years.

Market Data + Trends

Buyers Struggle to Compete for Homeownership But Aspirations Remain High

The fierce housing market continues to leave buyers dejected as they face fewer options and higher bids—yet data shows Americans still aspire to be

Labor + Trade Relations

Construction Companies Will Need 430,000 More Workers

In January 2021, average hourly earnings of construction employees reached their highest level ever, $32.11, and average weekly hours worked rose to their highest level since 2019's third quarter.

Market Data + Trends

More Americans Plan to Purchase in Next Four Months

The number of Americans who purchased a home or apartment in the past four months remained slim, but the New York Federal Reserve Bank’s survey fou

Market Data + Trends

As Spring Buying Season Approaches, Inventory Drops

Buyers entering the housing market in the spring buying season will face difficulties as housing inventory dropped nearly 50% compared to 2020.

Market Data + Trends

February New-Home Sales Drop to Slowest Pace Since May

While housing inventory resulted in existing home sales taking a hit in February, rising costs and delays caused new-home sales to dip as well.

Market Data + Trends

Where Does the Housing Market Go From Here?

The very nature of the pandemic, through the health implications, social distancing, and need to isolate, has really brought a central focus on the importance of home for most Americans.

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