A cohort of construction-related organizations sent a letter to U.S. Department of Commerce secretary Gina Raimondo last week, urging Commerce to examine the supply chain for lumber. With lumber prices increasing by more than 180% since last spring, and prices for oriented strand board (OSB) nearly tripling, “We respectfully request that your office examine the […]

Economists at the National Association of Home Builders (NAHB) covered all aspects of forecasting last week, during IBSx seminars, from residential to multi-family to remodeling. The news is good on all fronts, experts say, but not without challenges. Remodeling Residential remodeling recovered fully from the beginning of COVID-19, and spending on residential improvements will continue […]

While 2020 will forever represent a blight on world history, so far as the U.S. economy is concerned it managed to include one bright spot: housing. In January 2020, ahead of the coronavirus, leading experts told [DWM] that even if an economic downturn were to occur, residential construction was expected to continue, despite the circumstances. […]