Posts Tagged ‘ construction ’

Will Higher Home Prices Slow the Pace for Doors and Windows?

Feb 14th, 2024

In the third quarter of 2023, rising mortgage rates, elevated construction costs and a limited inventory of homes pushed housing affordability to its lowest level in more than a decade. Meanwhile, new fourth-quarter statistics show little improvement. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released last week, just […]

Construction Rises but Can Builders Finish With so Few Hands?

Feb 1st, 2024

The labor market showed significant improvements over 2022-23. But for construction, that trend was destined to change, experts warned [DWM]. By mid-2023, the number of workers needed had reached the mid-300,000 range, after peaking at over 500,000. Those improvements were attributed mostly to a decrease in starts among single-family homes, said Robert Dietz, chief economist […]

$130 Billion Plan Could Bring New Doors and Windows to U.S. Schools

Dec 6th, 2023

New legislation could mean better doors and windows for many U.S. schools and more business for dealers servicing the light commercial sector. Introduced by Rep. Robert Scott (D-Va.) and Rep. Donald Norcross (D-N.J.), the Rebuild America’s Schools Act of 2023 (RASA) would invest more than $130 billion to upgrade the digital and physical infrastructure of […]

Harvard Housing Study Shows Markets Cooling

Sep 20th, 2023

Results of the State of the Nation’s Housing 2023 study, conducted by the Joint Center for Housing Studies (JCHS) of Harvard University, show what many in the homebuilding industry have known for some time yet: declines in the market for home sales, construction and appreciations in home values. Changes are due in part to home […]

West Shore Home Named Among 2023 Top Workplaces in Construction

Jul 17th, 2023

On the heels of Andersen and Pella being named to Newsweek magazine’s list of America’s Greatest Workplaces 2023, West Shore Home has also been honored. The company was just given an Energage 2023 Top Workplaces Industry Award in Construction. Award winners are chosen based on employee feedback, with more than 42,000 organizations invited to participate […]

New Law in Colorado to Require Energy Star-Rated Doors and Windows

Jun 28th, 2023

A new law in Colorado focusing on environmental standards is set to take effect in January 2026, requiring all residential structures three stories or lower to use Energy Star-rated products. House Bill 23-1161 applies to a range of appliances, fixtures and other products used in residential buildings—including doors, windows and skylights. The new law mandates […]

Latest Jobs Report Shows Zero Sum for Manufacturing

Mar 13th, 2023

While releasing his budget for fiscal year 2024, President Joe Biden announced that, under his leadership, the economy has added more than 12 million jobs, including 800,000 in manufacturing. But recent jobs data shows that a roughly equal number of positions remain vacant, following the latest hirings and losses. According to the latest figures from […]

Number of Women in Construction Industry Increasing

Dec 9th, 2022

The number of women in construction has hit an all-time high, reports the Bureau of Labor Statistics (BLS). According to the bureau’s data, the percentage of women in the industry has steadily risen since 2016, with 14% of all construction workers now women. Tara Novotny, vice president of Virginia-based Windows on Washington, says it should […]

Treasury Issues Guidance on Energy Tax Credit Labor Provisions

Dec 1st, 2022

Earlier this week, the Department of Treasury and Internal Revenue Service (IRS) issued initial guidance for prevailing wage and apprenticeships as would apply under the Inflation Reduction Act’s labor requirements for certain energy tax incentives. IRS Notice 2022-61 was published yesterday via the Federal Register, marking the start of the 60-day period until the wage […]

Report Suggests Optimism for Construction Industry, but Vigilance is Required

Dec 10th, 2021

“COVID-19 has brought about a new age for the construction industry,” says Yann Dreyer, global practice group leader for construction in the global energy and construction team at Allianz Global Corporate & Specialty in a new report. “While construction projects continued during the pandemic, the overall environment has changed fundamentally. The industry faces new challenges […]