Industry News

SBCA sends out weekly Industry News updates to provide insight into general industry news and trends to provide our readership a greater depth of industry knowledge on best practices and business management. If you would like to submit an item to Industry News, please email the submission to staff. Thank you!

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Elevated mortgage rates that averaged 7.62% in October per Freddie Mac, the highest rate since 2000, depressed buyer demand and pushed down new home...

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In a typical year, there are about 5.2 million sales of existing homes nationally and home prices rise by about 4%.

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Design and manufacturing company Structural Truss is putting $28.5 million into a new Fort Macleod facility with 33 permanent and 12 temporary jobs...

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Mississippi State architecture students had a $30 budget to get materials to build a truss to span 72", no more than 14" tall, made primarily of wood.

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Single-family built-for-rent construction has cooled as investor interest has pulled back on tighter financial conditions, leading to flat...

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According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of...

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Construction input prices decreased 1.2% in October due to declining inflation, according to a new Associated Builders and Contractors’ analysis of...

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Lowe’s, based in Mooresville, N.C., reported a decrease in third quarter revenue.

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The market continues to heat up slowly, with less production expected heading into the holiday season.

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According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials)...

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Over the first nine months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 693,908.

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Confidence in the market for new multifamily housing was in negative territory for the third quarter, according to results from the Multifamily...

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