Latest News

  1. Builder Confidence Slips Two Points as Lumber Prices Soar

    Builder confidence in the market for newly-built single-family homes fell two points to 68 in June on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The decline was due in large part to sharply elevated lumber prices,…

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  2. Expiring Provisions of the Tax Cuts and Jobs Act

    The Tax Cuts and Jobs Act (TCJA) added numerous temporary provisions to the tax code. Temporary tax law can be difficult to track and compliance can be expensive. Earlier this year, the Joint Committee on Taxation released a guide to expiring tax provi…

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  3. Your perfect Father’s Day gift is…

        “What a catch! He’s at the fifteen, the ten, the five–touchdown!” The only thing better than the perfect play is watching it in the comfort of the perfect man cave. You can’t always guarantee dad’s team will win, but if you’ve got an unfinished basement and the right professional on the job, you can make sure his season of spectating goes undefeated. With some imagination and little more space, you can even turn what amounts to a languishing Read More


  4. Regulation: Over 30 Percent of the Cost of a Multifamily Development

    Regulation imposed by all levels of government (whether local, state or federal) accounts for 32.1 percent of the cost of an average multifamily development, according to a new study conducted jointly by the National Association of Home Builders (NAHB)…

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  5. Softwood Lumber and OSB Lead Price Increases in May

    The prices of building materials generally increased in May, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. Softwood lumber (+6.4%) led the way, followed by oriented strand board (+4.7%, not seasonally adj…

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  6. Fed Raises Target Range, Communicates More Hikes in ’18 but Fewer in ‘20

    As was widely expected, the Federal Open Markets Committee (FOMC), the monetary policy making arm of the Federal Reserve, raised the target federal funds rate to a range of 1.75 percent to 2.00 percent from a range of 1.5 percent to 1.75 percent. Going…

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  7. Consumer Prices Rise

    The Bureau of Labor Statistics (BLS) reported that consumer inflation rose by 0.2 percent in May, similar to its growth rate in April. Both food and energy prices decelerated over the month, but the slowdown in these items was offset by an acceleration…

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  8. Counter Point

    They’re always there for you. Your keys call them home at the end of a long day. The kids (accidentally) share their juice with them. Despite your best efforts, the cats call them a playground. Well, no more! It’s time you paid more attention to the unsung heroes of your home, your countertops. Show your appreciation and reinvest in the most useful spaces your home has. Birmingham’s local builders and dealers agree that three materials stand out in the construction Read More


  9. Homeowners’ Equity Reaches a New High

    Over the first quarter of 2018, the value of owners’ equity in real estate expended and hit a new high on a nominal and not seasonally adjusted basis, according to the Financial Accounts of the United States for the first quarter of 2018. This data is …


  10. Highest Paid Occupations in Construction

    According to the most recent release of the Occupational Employment Statistics (OES) by the Bureau of Labor Statistics (BLS), half of payroll workers in construction earn more than $45,820. In comparison, the US median wage is below $37,700. The OES pu…