Atlanta home prices show improvement
The comeback may have begun for Atlanta-area housing prices. Athens may be in the Atlanta area. This may put upward pressure on building material prices.
CME lumber ends mixed, Sep hit by lower cash
Chicago Mercantile Exchange lumber futures closed mixed on Friday with September down $7.70… Monday lumber futures higher, cash prices [...]
Monthly Archives: August 2009
Atlanta Home Prices UP, Lumber Futures Open Higher
August 31, 2009 – 11:39 am
Atlanta Home Prices UP, September Lumber Futures Down, Weyerhauser to Dismantle OSB Mill
August 31, 2009 – 8:41 am
New home sales post biggest monthly gain in four yearsU.S. sales of new single-family homes were at a seasonally adjusted annual rate of 433,000 units in July, 9.6% higher than the revised June rate. This should be bullish for building material prices…
Atlanta home prices show improvement
The comeback may have begun for Atlanta-area housing prices.
CME lumber [...]
Green Building, Home Prices and New Home Sales
August 27, 2009 – 6:18 am
Green Building – Huber’s Advantech, Zip Roof and Zip Wall
Building Green is one of the best selling features a new home can have. Green materials such as Advantech, Zip Wall and Zip Roof can add value and reduce long term expenses. Visit www.coferadams.com for more information.
New home sales rise faster in July
(Reuters) – Sales [...]
New Home Sales Jump! Supply drops to 7.5 months! Home prices rise…
August 26, 2009 – 6:47 pm
July new home sales jump 9.6 percent
New U.S. home sales jumped 9.6 percent in July, a fourth straight monthly gain that beat analysts’ expectations.
*This is the biggest monthly gain in four years, and should be great news for residential construction employment and residential building materials.
Read Full Report Here
The seasonally adjusted estimate of new houses [...]
Home Sales Jump! Weyerhaeuser Sells Timberland
August 21, 2009 – 11:01 am
Home sales soar 7.2 percent in July
WASHINGTON – The U.S. housing market is rebounding quicker than expected, with home resales in July posting the largest monthly increase in at least 10 years
Weyerhaeuser sells Oregon timberland
The land sold and for sale represents about 10 percent of the company’s holdings in the Pacific Northwest. Timber is used [...]
Mortgage Rates Fall, Lumber Ends Mixed, Architectural Billing Index Rises
August 21, 2009 – 9:30 am
Mortgage rates fall sharply
Long-term mortgage rates did an about face this week, following U.S. Treasuries lower. (This is good news for those of us in the building materials supply business)
CME lumber ends sharply mixed, Sept up on labor news
(Reuters) – Chicago Mercantile Exchange lumber futures closed sharply mixed on Thursday with September up after an [...]
Architects, Green Building and Building Materials
August 20, 2009 – 5:55 am
Architects Return to Class as Green Design Advances
This year, the American Institute of Architects implemented a policy requiring all members to take four hours of continuing education courses in sustainable design every year… The curriculum includes courses as diverse as “How to Install — Successfully — New Wood Windows in Traditional Settings”
Single Family Starts Up, Lumber Futures Down
August 19, 2009 – 5:30 am
U.S. Economy: Single-Family Home Starts Rise for Fifth Month
(Bloomberg) — American builders broke ground on more single-family homes in July for a fifth straight month as the real-estate industry stabilized further.
Housing Data Show Slowly Firming Market
New-home construction and permits fell last month, but single-family-home starts remained strong, another sign of stabilization in [...]
James Hardie Falls, Atlas Aquires Trus Joist
August 18, 2009 – 5:39 am
James Hardie Falls to First-Quarter Loss on U.S. Housing Slump
James Hardie Industries NV, the Australian-listed company that earns more than three-quarters of its revenue selling fiber cement to U.S homebuilders, reported a first-quarter loss on declining earnings from its main market… “While the U.S residential construction market appears to be ‘nearing the bottom’ it [...]
Wood Products Revenue Down … Lowe’s Earnings Lag
August 18, 2009 – 5:11 am
Wood products revenues down 33% in 2Q
Sales revenues accumulated by the wood products segments of North American companies dropped 32.7% in 2Q compared with the same period in 2008… Companies such as BlueLinx, Plum Creek Timber, Rayonier, Western Forest Products and Tembec all saw their revenues from wood products decline by over 40% in 2Q.
Louisiana-Pacific [...]
